Crypto fans and gold bugs miss a very important point - if their favourite currency were to get big, banks would hold it as an asset, and issue loans in exactly the same way as any other currency.
Do you want interest and the conviniance and security of a real bank? Give it to a bank to look after. There are maybe some risks, but there's also risks with a bitcoin wallet or physical bullion (theft, losing it).
Do you want money now, and can pay it back later? The bank will loan it.
Are the banks in trouble? The government can regulate, and even rescue them. A run can happen, but as long as the government and banks say the money is there, who cares about conversion to a bitcoin or bullion?
Do you want interest and the conviniance and security of a real bank? Give it to a bank to look after. There are maybe some risks, but there's also risks with a bitcoin wallet or physical bullion (theft, losing it).
Do you want money now, and can pay it back later? The bank will loan it.
Are the banks in trouble? The government can regulate, and even rescue them. A run can happen, but as long as the government and banks say the money is there, who cares about conversion to a bitcoin or bullion?