RBC writes: (https://www.rbc.ru/crypto/news/641863f59a79471364488e62) Bernstein analysts saw "ideal conditions" for the growth of the crypto market. Current situation in US banking sector is suitable for decentralized financial system to become alternative to traditional banks, experts say

Analysts of Bernstein investment company believe that the cryptocurrency market is ready for growth amid difficulties encountered by the U.S. banking system. The current situation is an ideal condition for the decentralized financial system to become an alternative to traditional banks, says the report.

After a series of bank crashes at the beginning of March, the financial markets created ideal conditions for allocation of the decentralized financial system as an alternative and for further promotion of cryptocurrency markets, consider in Bernstein.

Analysts noted that the initial reason for the collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank was that these banks were working with cryptocurrency companies, and their problems were only related to their internal activities.

However, when SVB collapsed on March 11, First Republic Bank (FRC) started having problems, with its stock plummeting 65%. On March 12, FRC announced that it had received access to additional liquidity from the Fed and major U.S. banks, including JPMorgan Chase and Bank of America, totaling $70 billion.

First Republic Bank's multi-institution deposit rescue package should make it clear that this is a "general banking problem" and cryptocurrencies are not to blame, according to the Bernstein report.

"This is an ideal situation for bitcoin, Ethereum and other decentralized financial systems to stand out as an alternative system separate from the traditional centralized banking system," experts said.

Access to cryptocurrencies through the U.S. banking system may become weaker, analysts believe, but it remains stable internationally, including through over-the-counter centers in Asia and Europe. In the U.S., such centers also appear to be running smoothly, the report's authors noted.

Today a famous crypto soothsayer and probably one of the most accurate bitcoin price predictors Davinci aka Davincij15 (https://youtu.be/h47rxrSyOaQ) told very simply and convincingly why bitcoin will be worth a million dollars a coin within 3-6 months. His explanation makes it clear why Balaji Srinivasan, a former Coinbase STO who is willing to bet a million dollars with anyone who doesn't believe in bitcoin at a million in the next 90 days, thinks so too.

The number of analysts in the serious economic media justifying and justifying the reality of this prediction began to grow daily. Naturally, everyone expresses the future price of bitcoin in the world's most stable fiat currency: the U.S. dollar.

It remains to be seen what would have to happen to the dollar for bitcoin to go to the moon in three months. Perhaps the dollar's purchasing power could plummet. But to what extent? By exactly 40 times!

Because if this happens, then the dollar would lose not only its function of preserving the value of capital (a means of saving), but also its most important function in the world - the measure of value (a means of commensurate goods and services). All goods, from precious metals to oil and other commodities, will begin to be valued in bitcoin.

And this is guaranteed to happen if bitcoin reaches the price of a million dollars. No pack can survive with two leaders, no country has two presidents, no country has two national currencies. There was nothing in the world that could match the U.S. dollar. But times are rapidly changing. The Bolivar will not survive two.