Is best you put your life savings in Bitcoin than bank because Bitcoin is more safe and better.
Having your future savings in the bitcoin is a big choice with its potentials that it'd yield profits in a long run unlike the banks where you'd get charged for banking maintenances on regular basis and instead of your funds to increase in values it's depreciating in the affections of taxes and inflations.
We have seen cases were banks were hacked, that has not happened in Bitcoin.
If spade being called spade, bitcoin isn't exemptional from being hacked to it's okay being transparent about it so that it could oblige beginners to be concious with their private keys because hackers would always keep roaming about for invasion and steal your bitcoin.
It has happened to many bitcoin users and still having due to carelessness and lack of knowledge to fallen victims to the scammers.
Recently the Central Bank of Nigeria revoked Heritage Bank's operating license, effectively closing the institution and placing depositors at the mercy of the Nigeria Deposit Insurance Corporation this means those who saved there money there may not receive all there capital or if they will receive not at once,
This can't be applicable to bitcoin. Let's take for the case of Changpeng Zhao (CZ) who's currently facing legal money laundering cases and while him and the binance exchange is ongoing facing the consequences, it never affected users of the platform and up to date Crypto users are still reliable of the exchange.
My intake is that we should embrace decentralization for it's the way forward to financial freedom and breaking out of poverty.