If you have less than $1MM in cash, you should have it distributed across 4 banks for FDIC coverage. If you have a lot more than that, probably still just split across 4 banks. Don’t spend your whole life managing esoteric risk, but do the easy things to avoid catastrophic loss.
Or buy bitcoin
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why would you put anything into a bank other than what you need in the next 6 months or so to pay your bills? reckless !
I wouldn’t, but many do. They might as well do it in a less risky way
