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. Banks are facing challenges, and it might lead to an increased interest in cryptocurrencies like Bitcoin (and it is already happening). People might be attracted to the decentralized nature of cryptocurrencies as they seek alternatives to traditional banking systems. But banks collapsing doesn't mean that people will start moving to crypto currencies, and the price will skyrocket. There are various factors that will play an important role, like regulations, economic stability, and how much people are going to trust crypto currencies (don't forget, crypto currencies aren't flawless too). But as more people learn about the benefits of cryptocurrencies and blockchain technology, we could see a gradual increase in their adoption. It might not happen overnight, but it will happen eventually.