FDIC insures up to 250k so you have to spread it around to get protection above that. Not like that is a problem to most people just saying there are limits to that protection.
Crypto currency accounts have some massive accounts now, not sure those would be covered much in those cases even with FDIC protection though it would be nice.
If there truly was a banking crash where more banks went down than in the Great Recession, I wonder how FDIC would hold up based on how many over leveraged games were being played that led to that implosion. Crypto currency is probably a reaction to that as well, trust in banking is immensely low in history.
Crypto currency accounts have some massive accounts now, not sure those would be covered much in those cases even with FDIC protection though it would be nice.
If there truly was a banking crash where more banks went down than in the Great Recession, I wonder how FDIC would hold up based on how many over leveraged games were being played that led to that implosion. Crypto currency is probably a reaction to that as well, trust in banking is immensely low in history.