If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.
Shusht!
Be quiet!
You're not meant to say these things! People on this place actually think that Bitcoin is a hedge against collapse of USD and that when the USD actually does collapse, that we are all going to happily exchange things of real value and use for lines of algorithmic computer code backed by no real commodity and backed by absolutely no standing authority! Those of us that have most of these lines of code are going to be the richest!
and further to my attempt to take half my funds out of Bitstamp, I got better acquainted with their KYC routine today. 8 questions, one of them in particular I am pretty sure that they have absolutely no right to ask. I have opted to tell them to mind their own business when they asked me for proof of earnings. If they start stamping their feet and witholding my fiat, I shall convert the lot to BTC, cash out on LocalBitcoin, and in the absence of a reliable and trustworthy exchange, that will be me without any route into Bitcoin investment. Me and how many more other people who might be feeling the same way? Are Bitstamp going the way of MtGox? Are these KYC routines a transaction delaying mechanism? If so, then Bitcoin is fkd.