Many people in my country still don't believe in Cryptocurrency and would rather save or invest with local banks but the recent sad event would serve as an eye opener to them. One of the top leading banks in my country (GTB) got there server invaded by hackers, some period before it happened they where advising customers to buy their shares and many customers did, I feel so sorry for those who bought shares with them cause their money is probably gone.
Whereas investors could only lose totally on Cryptocurrency when they fail to invest on Bitcoin or other good Cryptocurrencies and instead invest on shit coins, or they save their assets on a custodial wallet instead of a non-custodial one, else Cryptocurrency especially Bitcoin is one of the best and safest investment any investor could think of.
I wonder why anyone would even think of buying shares with a local bank or saving huge part of their money with them, when they could save for a long-term with Bitcoin and make huge returns later, Bitcoin blockchain makes it very secured and the only ways an investor is at risk is saving their asset with a wallet that could easily be penetrated by hackers or fail to safeguard their private keys.
There is no doubt that Bitcoin and other cryptocurrencies have proved to be one of the best investment assets for the time they have been around, but we can't deny the fact that traditional investment methods existed before them and a lot of people have largely benefitted from them. There are a lot of billionaires and millionaires in the world right now, and most of them have their wealth because they used traditional ways of earning money and not cryptocurrencies.
It's understandable that investments with banks might not bring you a lot of profit, and unfortunate things like this can happen, but that doesn't make them completely useless. If a person can afford to do it, they should diversify their investment portfolio by investing in multiple streams so that they can have different outcomes from them.
Having some money invested in banks or traditional stocks and some in cryptocurrencies is a better option to go with. Banks and stocks will provide slow and steady profits over a long term while cryptocurrencies will provide higher profits in a shorter time frame.