That is called the free market.
Who insures your $250,000 from Chase? The FDIC?
I worked in banking for too long to have much faith in the FDIC. If my local community bank failed, I would have that faith. But if Chase all of a sudden went belly up because JP Morgan lost a trillion dollars on their derivative bets..then who pays the depositer?
The FDIC would go to Congress and they would authorize the printing of money to pay off your liability.
IF that happened, (And I understand it would be a world wide calamity) you might get $250k in payment, but the “value” of that money would be significantly less.
Yes, at this stage of the game Bitcoin is volatile. I bought my first one at $86. It promptly fell to $50 something. But we are very, very early in the process. Honestly this is about the ONLY point where I agree there is risk.
One of the things I ask everyone who is skeptical about this is to not just dismiss it as a flash in the pan. Rather, take some time to understand the technology and how this will revolutionize the way that individuals, governments, and companies will move towards the “blockchain” in order to enforce transparency and make data relationships much easier to manage.
This is akin to the internet in 1988.
The fact that you can engage in a conversation about it makes you one of about 2% of the population who can even voice an opinion on it.
That is what is driving larger organizations to start building the systems for their own use.