Recently bank like Credit Suisse and Silicon Valley bank are collapsing. People are switching their money to bitcoin. Is it the sign that more people are no longer trusting the bank and are moving toward to decentralized world?
It is also a topic that has been discussed a lot in the market in recent days, but so far, there has been no significant change. But I think the collapse of banks in succession is not a positive signal, it will make the world economy more complex, and we will be affected. I don't expect that to happen or spread. Even if people switch to bitcoin, we will still need a bank, the bank is a bridge for us to exchange bitcoin and fiat easily. We will still need the bank in many situations.