I always thought one of the nicest things about bitcoin, is all you need is a wallet address, and they're free.
With banks, it's often required that you deposit a certain amount of money to start your account, like $50 - $100 minimums. With Bitcoin, someone who has nothing, can get a wallet for free, and start earning money for free with faucets or being tipped, or even doing free lance jobs. They'll never have to pay anything, except a very tiny fee (compared to banks/credit cards) when they go to buy something with what they've saved up.
It's very liberating for those with very little money to start with.
Banks have big fees and can go bankrupt.
You can easily lose cash, misplace it, or it get stolen just as easy... Or, waste your time, pay interest to cash in paychecks for cash. All in all, cash isn't worth it. I don't even know what to do with the cash I have, just take it to the bank, because paying with plastic is easier than cash.
Banks do have a limit on how much you are insured. Something like $100,000, and if your lower income, 6 digits will never be in a bank anyway, they'll be lucky to have 4 digits let alone 3.
I'm not trying to reign on BitCoin, but banks are still the better option. It's more convient to pay with plastic. Get a BitCoin card, that'll solve many problems. That's where I wanna see the market.
