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Banks charging 1% to maybe let you withdraw your cash as long as not too many other people also want to withdraw their cash. Meanwhile, you can get paid 10%+/yr to stake crypto. I wonder which people will choose. 🤔
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Imagine paying a bank close to 1% p.a. for the privilege of them holding onto your cash. Only they won't hold onto it... They will lend it out and charge someone else interest. That's the reality we dealing with today... danskebank.com/news-and-insig
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It's actually more profitable to keep you money in a sock under your bed than it is to put it in a bank account .. haha
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I think overall people still trust in banks, although it's declining (fast), depending on who you talk to. #Crypto is hot and relatively new, lot's of disruptive potential. Still, I'd like to see what interest rates will be when crypto has matured a bit more.
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