I heard about something that happened some time ago where a man won a huge some of money in gambling and he decided to save the money in a particular bank the money was there and later on the bank was closed down and he had to go through a lot of procedures to get his own money he was paid half of the money with promise of completing the payment soon, this won't happen if you saved with Bitcoin.
It can happen and even be the worst experience than this, if you make use of an exchange and the centralized exchange got hacked or went bankrupt, the bitcoin is gone, because you have no private keys to unlock your access to them on the blockchain, not your keys not your coins, except if we are using a non custodial means to hold our asset, it's sucks when you see that some bitcoiners are not well informed on how to make use of a non-custodial wallet from a custodial type and yet they will have their bitcoin on CEX not minding on the possible consequences.