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I completely agree with your post except for the last part.
This all depends on the risks involved in the traditional systems you're comparing the cryptocurrency to. Traditional systems are exposed to some kind of risk that cryptos aren't. For example, with cryptocurrency your account can't be seized or frozen by authorities, be them governments or banks. With some cryptocurrencies you are also at much lower risk of hyperinflation (or inflation in general).
In many cases the risk involved in using cryptocurrencies will outweigh the risk posed by traditional finance, but that's not true in all cases. In some parts of the world, the risks involved in traditional finance are significant...