Banks are currently sitting at $600 billion in unrealized losses.
Discussion
It's OK. They'll recognise the losses for tax reasons when the timing is right and all will be well.
Except, less tax to pay for defence, police, education and, in sensible countries, health care.
That sounds bad doesn't it. I'm sure it is bad for the economy near-term.
Lots of hodlers are still sitting on unrealized gains too. They come and they go... 🤷
Both are measured in fiat though, which is more or less worthless really anyway.
That's what's still unrealized by most, bankers and plebs both.
#HODL #Bitcoin - You'll be aight. 😎