It is better to invest in Bitcoin rather than keeping fiat currency in the bank.

[Osiokwudiri]

Traditional banking has its drawbacks, like limited control over your funds and invasive transaction monitoring. Large transactions can even raise red flags, triggering extra fees and taxes. Bitcoin offers an alternative – full control over your assets, free from government interference. It's a liberating feeling, isn't it? Why should banks charge high fees on your own money? It's puzzling. Fiat currency has its place, but it's not always the best store of value. Bitcoin's decentralized nature is a game-changer.

[Juicyhome]

Traditional banking has its drawbacks, like limited control over your funds and invasive transaction monitoring. Large transactions can even raise red flags, triggering extra fees and taxes. Bitcoin offers an alternative – full control over your assets, free from government interference. It's a liberating feeling, isn't it? Why should banks charge high fees on your own money? It's puzzling. Fiat currency has its place, but it's not always the best store of value. Bitcoin's decentralized nature is a game-changer.

  Many are still using Banks to save their money even when they all know how slow the banks are in services delivery and how they charges without Mercy. They are satisfied with banks than Bitcoin because they see Bitcoin has a strange coin, they want to be dealt with the devil they know than the angel the don't know. That's the best way to explain it.

But those of us that knows the difference and have tasted both could tell that Bitcoin investment is better than saving your money in fiat Bank. And we should just enjoy it, there's no need to convince anyone to invest in Bitcoin, time will surely tell who took the right decision.

[X-ray]

yes Saving money in the bank isn't an investment because inflation can still have an effect on it. But in the case of investment it won't be possible for inflation to affect it. However investing in bitcoin shouldn't stop anyone from saving money in the bank Moreover emergency funds is supposed to be in fiat and not in bitcoin incase of there is emergency, it can easily be accessible to be used.

Banks also have savings & investment plans for customers. They offer various investment plans and these plans have time durations which fund can't be withdrawn until the expiration of the time. If I were to invest for profits and between bitcoin and the banks,l will chose bitcoin over the bank because of profits differences. Bitcoin has the potential of generating good amounts of profits than the banks over the long term.

0.5% APY average isn't really good saving and investment though and the high yield saving accounts offered by bank usually have limited capital cap for the 4-5% APY. It's practically useless to me and I see it as more of a gimmick than anything. These aren't called hedge against inflation for a reason.

Basically, the statement about us losing purchasing power to inflation by saving money in bank is true and why we needed another asset to preserve wealth. Bitcoin or gold, whatever it is that can actually outweight current inflation right that is floating around 3% although I believe the real purchasing power we lost only visible when we compare fiat to gold.