⚡️ ₿ = ∞/21M 👉 Bitcoin doesn't care
⚡️ ₿ = ∞/21M 👉 Bitcoin doesn't care
Ignore the noise, the US Financial System is in big trouble and perhaps they are much bigger than you can imagine.
There are two main reasons for this:
1st depositors can now get much higher returns on other investments, which leads to a significant outflow of deposits from banks.
For the first time in 15 years the market in the US pays returns of 4-5%.
2nd The banks have bought low paying Treasuries, and with the interest rate hike they can only sell them at a loss. This leaves the bank in a precarious situation, especially the small regional banks.
And there are $5.5 trillion deposited in them!
SVB may not be the only one with this problem, and then the FED's $25 billion plan to rescue depositors looks like a drop in the bucket.
If the withdrawals at different banks continue, there will be no liquidity and the cascading effect could generate a run on the #bankrun banks.
This is one of the reasons why #Bitcoin is rising. It is better to leave your money in a non-confiscable asset than to lose it all in a failed bank. Also, this banking problem has shown the Fed what the risks are of raising the interest rate even higher. #ToTheMoon
#Bitcoin Fixis This
-
-
#Bitcoin
#LightningNetwork
#Nostr
#bitcoinnostr
#ZAP
#plebchain
[Telegram in Portuguese]