I think the difference must be many orders of magnitude to the benefit of regulated banks.
In gross terms, crypto is tiny compared to the dollar/euro banking system, so it's likely to be a much smaller number.
Interestingly, for those who use crypto as-designed, the percentage lost to bank runs is almost nil since you 'hold your own coins'. It's people who leave their money on crypto exchanges that lose their coins.
The vast majority of traditional currencies have lost nearly all of their value over time, including the US dollar.
People who hold their own coins lose them as well. It was estimated that 3.7 million bitcoin have been already lost irreversibly [1]. That's a staggering number. It's roughly 20% of the entire supply.
[1] https://blog.chainalysis.com/reports/bitcoin-market-data-exc...
I don't see why I should take this seriously.
“Silicon Valley Bank is no more. It’s the first bank backed by the Federal Deposit Insurance Corp. to fail since 2020.”
https://www.marketplace.org/2023/03/10/how-silicon-valley-ba...
.. at some point, we're gonna have to step back and take a look at how we're doing business. Something about our whole way of organizing society is busted.
https://www.fdic.gov/bank/historical/bank/
Finance is inherently an opportunist, if not outright criminal, industry which explodes regularly causing huge economic and political damage.
And, of those 562, in how many of them did the depositors lose money?
The thing is failed banks don’t mean depositors lose all their money. The point of banking regulation is fail fast so banks are taken out when they still have 98% of their depositors money not 8%. People with under 250k are made whole and people above that have already been compensated for their risk by higher interest rates.
It doesn’t always work perfectly, but in many cases a failed bank just means people come in on Monday and there is a new sign on the building with little else changed.
On the other hand, the keys to my ethereum remain safe on my hardware wallet, and none of my ethereum has ever moved without me telling it to. Perhaps my experience is atypical, but I am surely not alone.
These options are not currently available to cryptocurrencies, but that's a social choice.
I tend to think that the scamming aspect of cryptocurrencies is massively overstated. There are lots of ways to be taken in and scammed, but that's true in the fiat world too. A small amount of care goes a long way in both worlds.