Do people seriously think that a banking collapse will mean crypto will take their place?

Right now the banking situation in the world is not looking very great. We’ve seen several banks go bust with rate hikes and poor financial planning where the FDIC has turned on the money printer to keep some afloat. The FDIC will ensure up to $250k in banks but anything above that and it’s tough tuchus. The total amount in US banks right now is $19.36 T and due to fractional reserves, we all know there’s no way in hell they can muster that if there are mass withdrawals.

Do people really think that cryptocurrency in its current state can take the place of monetary storage and exchanges if things go bust for banks? Between the lack of regulations, bad actors, no safety nets, scams everywhere, and difficulty to use for many people, I’m pretty sure that it won’t just take over. Also, what’s stopping the rich that have liquid funds from just gobbling up BTC/ETH/etc. and controlling the price?

We shouldn’t be rooting for a complete bank collapse because what comes out of it will likely lead to widespread pain/despair. I’m personally hoping for crypto infrastructure to be established by coming regulations that encourage participation and innovation. If the SEC continues their fear mongering and campaign against everything, then crypto will survive without the US on the dance floor.