So my question now is with all I just said do we still need banks.
Have you read any thread in this forum where the majority of members said that banks are not important? Banks have some major roles to play in the economy. And I am not sure I have seen any post where it was recommended that banks should be closed.
people are not hoping for all banks to be closed but they are also not promoting for banks to be used which could lead to closing of the banks if they do not have enough clients
It is evident that saving money in banks is not profitable. Even interest from fixed deposits is not commensurate with the inflation rate. It is advisable to keep Bitcoin since it could be a viable hedge against inflation.
banks are centralized a lot of people nowadays are very concerned with their privacy protection and it is clear that banks are not the most secure when it comes to that and our money may not be as protected in banks rather than if we just held them in crypto