To add to the insanity of it all is when banks write down losses and about to go belly up the government will voluntarily come up and save them because, without the largest banks in the country being solvent the whole system will malfunction. Is that not the point of capitalism. Where only the best survive? Why then when banks made terrible mistakes they get saved when the average citizen gets punishment.
I feel I have no power to change any of that therefore I follow suit like most other people and use one of the major banks to store my liquidity. I hope before I leave my assets to my children that by then crypto will be the norm and no more major banks. Thanks.