It's ironic how critics and mainstream media called crypto a house of cards. Now everyone is seeing that traditional finance/banking is not the stable perfect system they made it out to be, and why it does need change, since 2008 wasn't enough proof

Firstly, it's obvious that none of this is good. A lot of people will lose a lot of money, and it is usually the little guy who does either directly or indirectly. But is certainly is ironic that everyone is once again(like 2008) caught with their pants down with traditional finance(TradFi) and the banking system. Experts expected other banks to fall from this, even if it's only non-mainstream small/micro-banks, but all of them will feel a pinch, meaning the whole economy will surely feel it as after-effects. We know the giant Credit Suisse is already in a pretty bad state, so it won't be at all surprising if they fall. And if they do, well all hands on deck. And imagine Fed chair Powell is(was?) set on hiking rates. That sounds like a sure-fire way to crash the economy.

People like to act like crypto was created out of nothing as a scam, when in actuality. Many don't know that crypto(really Bitcoin) was created in 2009/2009 directly directly as a response to the 2008 crash. People act like there isn't problems in the banking system that seriously need addressing, some of them being problems that crypto solves, although crypto does have some problems of its own. But these problems are mostly tied to it simply being very early and can be mostly remedied with time as it matures like more secure smart contract code and low adoption leading to volatility and difficulty of use. But many problems in the already mature TradFi banking system are fundamental and there by design. TradFi is a system where the rich are rewarded for being rich, and the richer they are the more they are rewarded. It's also a system that, as pointed out even in the White House "Crypto Report" last year, is terrible for sending cross-border payments, like many low-income overseas workers do for remittance for family back home, and millions working in essential but non-traditional are left out of the system among other things. Even non-rich traditional workers are afforded much worse services/rates compared to the rich. We never said crypto was perfect, but they acted like the banking system and TradFi was, especially when referencing cryptocurrency. And this is where we are now, apparently back to 2008. All because some people tried to improve the financial system and move past it, while many others clung on to what was (probably) always a a sinking ship.