I used to trust banks implicitly.   My income was deposited into them; bills paid out; savings tucked away.   I never gave it a second thought.   Then I discovered what banks actually do.   They lend out my funds to other people. They charge me excessive fees. They’ve been known to freeze funds with no advance warning.   Meanwhile, I’m earning close to nothing (0.01% interest per annum, if you’re wondering) while they’re raking in billions.   Bitcoin has offered me a new paradigm.   In my case, using Bitcoin is about taking control of my assets.   My Bitcoin funds cannot be frozen by a bank, denied access by a government, or skimmed by an intermediary. It’s me and my wallet.   Please understand, I am not saying banks are useless. Of course they have a role to play.  

But in terms of saving for the future? Long-term storage?

  I find myself putting my faith in Bitcoin.   It’s naturally scarce; decentralized; auditable. I can instantly transmit value anywhere globally in a matter of minutes. It is not remotely possible to do that with a traditional bank.   Currently, I am maintaining both accounts. One for the routine, day-to-day expenses; another in Bitcoin for a future store of value. This is not an argument for picking Bitcoin instead of a bank – that would be short-sighted. Rather, it is about gaining access to options that simply didn’t exist in previous times.