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?
In every system, there lies bad people, we have them in crypto both the centralized ecosystems and defi ecosystems and so do the banks, every one of them has their level of risk. The banks are the financial institutions that are collapsing this year but crypto also did last year that even some of my friends don't want to associate there self here again. The decentralized society we have today are been hack and funds are been drained by wicked people and bad teams, so we just have to be careful when it comes to investing our money and trying to make wealth.