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?
Bitcoin is moving at its own pace. Bitcoin does not move forward depending on any medium. But currently, the most corruption is happening in the banking sector all over the world. People don't consider their money safe in banks anymore. Swiss bank silicon valley bank all the banks are going bankrupt then how people will trust the bank. I myself do not believe in banks because more and more corruption is happening in the banking sector in my country Bangladesh. That's why people are now flocking to cryptocurrencies a little more. In this way, if people rush more towards cryptocurrency, then surely cryptocurrency will have an impact and its importance will increase.