I see many people saying that they trust bitcoin more than they trust their banks, well it's a matter of choice anybody can choose what to trust either to trust bitcoin or to trust their banks, and many too has developed the habit of saving all their money in cryptocurrency, like bitcoin rather than putting some in the bank and putting some in bitcoin as an investment, though it's not a problem, I just want quickly remind some focks the role of Bank and why we still need them.
Yes, it is possible to trust bitcoin more than your bank when it comes to money you wouldn't be needing for a long time, bitcoin gives you total control over your money and all interests compounded on your investment belongs to you, but such isn't to be said about banks, they take almost all the profits from your funds and return only a minimal fraction to you.
Banks also provide a safe and convenient way to conduct transactions, such as online banking, savings account, debit card, checking, and credit card.
when you say safe and convenient, I would say you are wrong since most times the bank networks are very discouraging and prevent easy and prompt transaction and most times can linger for days and spoil important business activities, but bitcoin is available to you whenever you need it and as long as you set the required fee, you can send it across to anyone and in another case scenario, if you have the funds in an exchange account(which isn't a good option to store coins) you can liquidate it to stable coins and send it across at minimal fees.
Banks also offer a safe and secure to store and manage money deposited in Banks, by reducing risk of theft or loss.
funds are still lost in banks, especially through ATM cards theft, most times cashiers still steal people's funds. I've been in a bank where a cashier was arrested for stealing #3.5m from the account of a rich man who had over #500m in that fixed deposit account simply because it has been there for years and he thought the owner is dead or doesn't know how much exactly is in it. Such thing would not be the case if the man had kept the money in bitcoin since he would have been in full custody of his funds and would've even gotten more profits for his investment.
So my question now is with all I just said do we still need banks.
Yes we need banks for daily transactions and for issuance of fiat since most people do not deal in crypto yet, and of course to hold funds we use for our recurrent needs. when it comes to saving our cold cash for a long time, bitcoin becomes a better option.