A couple notes:

1) A bank account breach for a personal/consumer account is protected - your actual out of pocket loss should have been zero/minimal. Protections for cryptocurrency = zero.
2) A bitcoin transaction actually costs more like $3000 - that's how much bitcoin is being "fiat created" to compensate the miners. The $20-$70 is closer to what the electricity cost per transaction is. Interestingly, the crypto supply has increased roughly 15% in the past year due to mining - which is a far greater increase, on an annualized basis, than almost any fiat currency.