1. Financial Inclusion: Bitcoin could provide access to financial services for people who are unbanked or underbanked, enabling them to send, receive, and store money without the need for traditional banks.
Even if you get this answer from ChatGPT, let me explain point number 1, this is something unbanked people cannot do. Actually Bitcoin cannot provide financial services like what is offered by banking. Bitcoins can only be used for faster, secure, and anonymous transfers, and that's about it. If someone is saving their money in Bitcoin, it means they are prepared that the value of their asset will decrease significantly (or increase significantly) and because of this volatility unbanked people are not advised to save their money in Bitcoin.
Especially in developing countries, unbanked people still depend on fiat which is much easier to use compared to Bitcoin, because it doesn't require internet and smartphones where access is quite difficult there. And for the underbanked, they can also get loans from banks easily with the land, buildings or other assets they own. Even though there are some platforms that provide loans with Bitcoin, it is still quite difficult for some people.
And for this reason actually Bitcoin and banking are 2 things that complement each other, not to replace one another because both have different functions and have their own advantages.