Who knows where this is headed.
Its extremely troubling that you can be effectively excluded from society by a bank. this has serious implications for all of us.
We know that they are pushing toward CBDC, this is a communists wet dream since they'll be able to dictate to you what you earn, your total worth, what you can spend it on and how much you can accumulate.
They would basically have total control over every aspect of your life, if you said or done the wrong thing or something they didnt like or even didnt understand; boom no more money at the push of a button. We've already seen other examples of this with the trucker's in Canada and Paypal blocking useage etc etc.
This is basically true, banks control all your monetary interactions with the rest of the world because you can only buy stuff and make payments through them and the services they provide for that such as credit cards, wire transfers, fintech apps such as Zelle and so on so forth.
Paypal is basically the worst money institution though. It makes you deal with their antics in addition to your banks at... what benefit exactly? For receiving money, skip them (unless you regularly deal with scammers and other slime buckets).
As for Bitcoin, while it is a decentralised network, it is not an independent network.
It still relies on the presence of ISP's and network providers who lets face it will primarily listen to government legistlation rather than an individual or group of individuals.
If governments decide, they could pull the plug on Bitcoin overnight rendering it useless.
Exchanges can be shut down, but the network can never be blocked, even if ISPs ban Bitcoin ports just like Bittorrent ports, you can still listen on a different port and they'd basically have to use deep packet inspection to discover bitcoin packets (even that breaks by using Tor or I2P as connection methods).
We are heading to a time of communist dictatorship at a frightening rate and worst of all people seem to be oblivious to it.
Its going to come as a hell of a shock for some.
As to what to do about it, only time has that answer.
Yeah a lot of people just don't have the stomach for hearing this.