Yee, I hear this all the time when discussing this with people. Their invested time in Bitcoin consists of reading msm articles. They don't know anything about PoW, the halving, decentralization. They actually think if banks collapse they'll get their money back.

Some countries do have a special fund for this, but when this will happen, it's a matter of time,, a domino effect is probable and people will lose all their 'money' in their account.