With bitcoin, we are our own bank. So the safety and security of our funds lies within us, our capability to keep and store our bitcoin privately and securely, which we cannot expect from banks to do it with fiat.
Bitcoin is clearly and entirely different from what fiat is and they cannot be compared in any sense as fiat been more advantageous to Bitcoin. Everyone has their role to play but the most best role of having money in your possession is you having the total control of your money without any third party control and that’s what you can’t get with the banks but only with bitcoin.
Furthermore, bitcoin is decentralized, so it has nothing to do with big names and companies that could back-up bitcoin but the control is given to us solely. This is the best chance for us to accumulate maximum amount without the interruption of other group or entity, unlike fiat that is monitored by the government and banks.
The decentralized nature of bitcoin is what makes it a more viable option and best alternative to the fiat currency. It has been used as an asset of investment more than what its initial purpose was for, which is being used as alternative to fiat. Even when big companies and governments are showing interest in Bitcoin, they have little to no effect on its price. And when their news affects the market, it doesn’t take much time until it’s recovered once again. Other factors may affect Bitcoin price, but it’s a matter of time until it gets back to its original path and achieve its purpose at the time.