Is Bitcoin better than traditional banking? Bitcoin Vs Banks – Elsavador president hints at Bitcoin being better

Puerto Rico bank owned by Peter Schiff has been shut down, and Schiff blames a corrupt government for illegally ceasing his assets. Following this, Elsavador's president makes a comment hinting that Bitcoin will always be better than banks. In retrospect, the crypto sector highlights a decentralized system, which no central body has control over, while banks have a centralized system, where financial freedom is regulated and fully controlled by higher bodies.

In addition, most cryptocurrencies other than Bitcoin like Algorand Carbon zero blockchain, Zetrix blockchain which has developed a cross-chain technology to facilitate smart contracts, scalability, and security of enterprises globally, Cardano, and others are doing fairly well in terms of volatility and actively developing more technologies to curtail the current market trend.

Furthermore, still, on volatility which is the point most critics look at in Bitcoin cryptocurrency, the traditional financial market isn’t spared either, as inflation can cause significant losses, much more than Bitcoin - Cointelegraph.