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?
I don't think so, even one percent of total amount transacted everyday is happening with cryptocurrency if my assumption is right so that much big the banking sector is, so fall of 10 big reputed banks even doesn't shake the whole sector but it can alarm everyone especially who invested on bank stocks will try to cash out if they're in profits.
On the other hand the cryptocurrency is rising gradually, no matter what force is trying to suppress its growth like governments, banks, main stream media, billionaires still the adoption of Bitcoin is happening gradually as well as rapidly in countries where they don't really trust their fiat and government anymore.