OP if you feel that you are only a boy then you should refrain from deciding on how to use at least the majority of the retirement fund of your dad whom he worked hard to earn for many years. Imagine putting half of his retirement fund and all of a sudden bitcoin drops to $20k? I mean, I am confident that bitcoin will return to its previous ATH next year or 2025 but prior to that there will be a lot of up and down movements and some of them are huge swings that would trigger your emotions and including your old dad if in case he knows that his hard-earned money just lost nearly half of its value in just a span of few months.

I do admire that OP has an open mind and wide mindset but at least you do not decide the majority of the funds. In your post, I thought you worried more about inflation but you weighed more on the banks going bankrupt. You're still a boy indeed although you might learn very quickly and I am hoping you are. Bank accounts are insured OP and you should research the maximum or the standard insurance per account in your country because it means your dad can open accounts from different banks below the maximum insured amount to protect from bank bankruptcies.

I believe you are from Bangladesh. The population is too high which means a piece of land in your country is too expensive just like my country. Try to present ideas to your dad in order to open his mind knowing he is more experienced than you. Maybe you can start a little farm.

In the end, just don't forget to tell your dad to diversify his funds. Maybe scatter some to different banks thru time deposits, a piece of land, or even more, and depending on you and your family's tolerance put some into bitcoin or you can also start a business to make your dad busy.

Let me tell you something, not every knowledge is available on the internet. And you can not teach yourself everything. Sometimes you need human touch or taught by others in order to learn them in easy or the best way. And what is benefitting you, you will never share the real secret of it to others. There will always be a mystery behind it, which will always be a secret.
In crypto seminars, there are lots of people in which you will find many experts. They possess some weapon in the arsenal that no one knows about. If you are lucky, you might get a glance at their secret. Because it is way easy to ask someone face to face and collect data from them. If you approach them with a curious mind and intention, they might not be able to stop from sharing their secrets. And when you meet new people, your knowledge is meant to grow. Not decrease in that process. So if you can afford to go to something like that, don't miss that opportunity. You may end up with a lifetime lesson that will become the key to your success. The worst way to ruin a perfect plan/strategy is to tell it to someone who is unsuccessful.
So when you met successful people there, if you share your plans, they might give you some suggestion which will help you to execute that perfectly thus making you successful in life. Well, that's just my thoughts.

Individuals who use non-custodial wallets have full control over their private keys, which are necessary for accessing and managing their funds. This control reduces the risk of relying on a third-party custodian to safeguard their assets. You should maintain caution and privacy when it comes to your wallets. It is possible to expose your funds to theft or unauthorized access if you reveal personal information, especially sensitive details related to your wallet or private keys. Being vigilant and avoiding sharing vital information with untrustworthy individuals are essential.

Furthermore, your wallet recovery seed or private keys should be stored safely and confidentially. You retain control over your funds if you keep this information in a secure location, such as a physical safe or a password-protected digital storage device, on paper or on metal.

In the context of centralized exchange, Binance does p2p and it is fine. They are centralized and their own pattern of p2p must also have a central mediator to avoid cheating and abuse. Even in the context of the real escrow that Satoshi mentioned in the whitepaper, even Bisq altered it.
Everyone should do what works for them and bear the consequences. You cannot tell a big day trader that trades with the volume of 50k to 100k to be moving their funds everyday after trading. Everything is risk and reputable exchanges does fail that way with a public alert in the name of FUD.

I also do the same thing, I prefer to place sports bets and when I bet on a certain game I watch the game and as I bet on the main soccer leagues so the games are very fun to watch, the only exception I make to this rule is when I place bets on ufc fights, I bet on ufc fights but I don't watch the fights because of the hours the fights take place. now about contests in my opinion people who like contests are people with good skills and who have funds to spend more than a person who just wants to play a little. for example, I saw poker contests, they were contests in which the participants were very skilled and put a lot of money

and I kept asking myself if it was worth spending so much money and if in the end it made up for the prize they won and when they didn't win any prize it only made up for spending so much money for participating in the contest, in my opinion this is the kind of thing that only those people who like to feel satisfied for being at the top participate, because even when they don't manage to be champions these people are not sad because they lost money, they are sad because they didn't win the contest

The area of improvising is what and where humans will continue to take the lead regardless of whether the entire world is overtaken by Ai's, human beings are unique in nature, and though something can be built to look, act and behave like human, the truth remains that Ai will always be Ai and humans will always be humans, everything God created on His own is perfect and unique in their ways, and can't be replicated, no matter how hard we try.

For example, an Ai will always require an update to it's software to change and behave in a new way, and when that behavior pattern needs to change, an update to it's software will need to be done again, but for humans, this ability is just natural, as it is very possible for a man to put up different behaviors in a single day, this ability can give humans the ability to remain the best in gambling, even with the presents of Ai's every where.

First, result or informations the op will find during his research is also written and posted by unknown people, so, makes no difference.

And secondly, a live updated information like in this forum, is most times better than an already prepared information that might have been there for several years and might have been accessed by millions of people.

And third, here on the forum, the op have the liberty of reading different opinions from thousands of different users and comparing them for the best decision, something entirely different if he was to be reading an article which is clearly an opinion of one person(the writer).

Over all, ops question here on the forum is also part of the research you are talking about.

I know that there are many people who like this type of gift and get excited , they do not hesitate to do everything that is asked of them , and that is hard , arduous work and one that I really admire and respect for all those who do it, but no and something profitable, I think that all that energy that is used for these things should be Invested in something more profitable, I don't know , maybe trading, that is something that can be given in the long term, at least much more than taking those steps, And for 5 usd it is something that, as I say, costs a lot of time and sacrifice, I would not do it, but of course in my personal Opinion , someone who does it well is up to them , But I would recommend looking to do something else.

That's the real problem. Trust. When people start trusting exchanges to secure their crypto assets, they're bringing back the middleman into the system. This is the single point of failure crypto was meant to avoid in the first place. Because of this, governments can do whatever they want with crypto. Exchanges have a lot of power, thanks to people who don't know (or never care about) self-custody. There's nothing we can do about this  especially when the majority is into crypto to make a quick buck.

The clock is ticking for the crypto/Blockchain industry, so time will tell us whenever centralization will prevail or all the other way around. Unless decentralized exchanges grow in liquidity/trading volume and market dominance, the crypto industry won't be going anywhere soon. Who knows if CEXs ultimately destroy crypto's true value proposition? Just my opinion

In brief, it is nearly impossible to completely eliminate Bitcoin. The most effective approach that authorities like President Biden or the US government could take is to restrict or prohibit the use of cryptocurrencies within their jurisdiction. They could enforce regulations and discourage citizens from engaging in crypto-related activities. However, their influence and control are limited to their own country, and they cannot eradicate Bitcoin on a global scale.

There will always be the problem of whether or not to trust the things or information that the internet does not provide, it is something that we always take into consideration, if we look for it on the internet, for example in sites that seem false, it is an information that should be rejected, I continue Thinking about something, the site that has updated us the most is bitcointalk, because here there are users who read and watch news, read articles, and also combine it with their own experience and it is much more valuable , in addition to going much deeper and in detail I think that another more credible source is Difficult , although there are many on gambling pages and some must have Great information.

Humans are capable of handling their own finances. We all have this ability. Government are incapable handling its finances.

Government is an entity that isn't self sufficient, and the elected members of that entity have a vested interested in ensuring its survival and continuation. When they begin to control monetary and fiscal activity within its borders, it becomes an unsustainable balancing act where the cards eventually come tumbling down. Whether it be due to overregulation and centralization of authority, (think consolidation of economic matters away from the constituency and into the hands of bureaucrats/government agencies), corruption, money printing, etc, it isn't possible for the government to manage monetary/fiscal activity without disrupting economic growth.

The amount of "man made recessions" I've seen countries go through, with no fault of their own citizens, is palpable. I suppose in a democratic republic, the voters are they themselves to blame. After all, they elected the government body! But I like to give more credit than might be due because while people understand basic economics, they don't understand governance and bureaucracy.

I think the best strategy is to mitigate the risks. The first risk is obvious: centralized platforms can mismanage funds, be hacked, have their assets frozen, etc. Solution: use a non-custodial wallet. As a bonus, if your money isn't on an exchange, you're less inclined to engage in panic-selling because it's now much more effort to sell your BTC than when it's already on Binance or something. The second risk is, IMO, safeguarding access to your wallet, while also ensuring you don't lock yourself out of it. Here, opinions can differ, and one needs to assess what feels right to them regarding the storage of the passphrase.

Like you said, CZ is a big name in the crypto market, but what do you call a big name? He has been able to make his way to the top with his business ideas and amazing upgrades. I don't know how he did it, but for him to pilot his exchange to the top above all others existing before his, then I guess he deserves the big-name title.

The US government is also a big name, as they are currently regarded as a world power. If they shut down Binance, which they can only do on their end, they can only shut it down in their country. So long as other countries are still in support of the exchange, it won't completely go down.

And even if something happens and Binance completely goes out of business, one thing is for sure: the Bitcoin price will shake because it's among the exchanges that hold the highest Bitcoin trading volume, so such action will shake the market with a lot of panic selling, a huge number of withdrawals, and so on.

But above any given action, there is nothing that's going to happen to the market that has not happened before, so nothing will appear new to us again. The Luna crash, FXT, and many other big incidents could have wiped out people's faith in crypto, but they didn't, so with or without Binance, Bitcoin will survive. With or without the US government's support, either negatively or positively, Bitcoin is not dying off.

Not just that but because fiat keeps losing value over course of many years, we are seeing a lot more people end up with a trouble when we are talking about a big amount of gold. If you invest into gold and your nations currency gets devalued, you kept your purchasing power still, because gold goes up as much as the devaluation of fiat most of the time, even if it doesn't happen quickly, it gets there with time.

Same could be considered for bitcoin as well, it does go up when inflation happens and drops when there are high rates, so the logic stands the same but the difference is that it's digital and can be spent as well. This is why it makes more sense to do it this way and invest into bitcoin, it's the better version of gold.