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?
Yes ! You are right The collapse of banks like Credit Suisse and Silicon Valley Bank, along with the rise of Bitcoin, may suggest that some individuals are losing trust in traditional banking systems and exploring decentralized financial technologies. The motivations for using Bitcoin can vary, including greater control over financial transactions, investment opportunities, or simply hype. However, it's premature to predict whether decentralized technologies will fully replace traditional banking. Banks remain crucial for economic activity and financial services such as loans and investments.