Dumping their Bitcoin into Cash to put in the Bank. Bank run underway. FDIC is 99% under funded. FDIC can borrow 500 bn from the Treasury. However total deposits in US are 17,715 bn. Someone is not going to get paid if massive bank run. Does the Treasury even have the 500 bn. Looks to me that someone wants to break the banks, so that they can step in with a CBDC. Banks not needed. Freedom gone. Better to keep your Bitcoin, and even get more of it. Need to start thinking more about trading Bitcoin for Food, Shelter, Services and Utillities instead of Fiat.

Reply to this note

Please Login to reply.

Discussion

No replies yet.