Fun Fact: US banks hold $17T an FDIC holds about $120B

I have always been pretty comfortable with banks up until I actually started to learn about our insurances

The harsh truth is; FDIC is meant for individuals and small groups to be covered from fraud and losses during any collapses etc. However, if an all out bank run happened, FDIC could not even cover 1% of US bank depositors.

This is a reason why it's critical to hold some or most of your wealth in a safe haven asset that NO ONE can control.

The only asset like that is Bitcoin