Who had the most incentive to stoke bank runs on regional banks?
The largest banks, not depositors. They seen massive deposit inflows.
Central bank interference in the market will inevitably lead to more centralization.
The “debate” between Bitcoin and the USD is not complex. It is binary.
Centralized, or decentralized.
Feds & major banks so they can introduce CBCD
I agree. If everyone is using one bank with several large banks acting as sort of fed-brokerages, then there can be no bank runs. That’s one of the sales-pitches for the dystopian nightmare.
Of course, there will be one bank, one money. The question again is:
Is it controlled by a centralized criminal organization, or is it decentralized?
CBCDs will be controlled by corrupt governments and Bitcoin will continue to be decentralized.
Regional deposits might run now to the too big to fail banks.
But in time the run comes to the TBTF banks when their deposits exit to Bitcoin.
There is no interest rate high enough to stop it that the banks can also survive.
And at that point FDIC guarantees do nothing.
