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.
Not everything is so clear.
There is a whole list of coins called cryptocurrencies (just look at coinmarketcap), but I would be afraid to say out loud that investing in these coins is safer than in a local bank. It is necessary to clearly separate cryptocurrencies for investment from a wide list of shitcoins.
Also, for example, in my country, there is such an option when, up to a certain amount, the deposit is returned if the bank goes bankrupt or ceases to exist. I am 120% sure that there is nothing like this in any cryptocurrency, not even in bitcoin. Anything you lose in investing in cryptocurrencies, you lose forever.
You need to soberly weigh the risks and your capabilities. For one, it is profitable to invest in crypto, and for another - in banks. For example, how do you imagine investing a 70-year-old grandmother in cryptocurrencies, who doesn't even know how to use a mobile phone? Of course, she invests in banks out of old habit and this option will be good for her, because if she starts investing in shitcoins, she will lose everything.
Everyone has their own way of investing and cryptocurrency should not be imposed as the only and correct solution.