Bank stocks are getting crushed right now with Bank of America leading the way down.
Bitcoin is up 102.60% while Bank of America is down 25.14% YTD. 2023 may go down as the year of the decoupling.
We may come to find that the market prefers a peer-to-peer distributed monetary system with a hard capped supply and no counterparty risk to a completely centralized monetary system in which banks have zero reserve requirements and are sitting on worthless government debt.
Structural change in progress.
nostr:note14ndrefnm70ryccwu8ckx4ukm0zdj2xpvq8q8kpfhynhkvegw2fcqh8v28k
Decentralized Banks are winning
Maybe, just maybe, there’s something to this Bitcoin thing 🤔
🎯
If you stare long enough into the shitcoin, the shitcoin will stare back at you. Even if your particular shitcoin is widely accepted, like the USD.
The weight of the state wears all of us down. Even the corporate banks.
One by one.
Tick, tock, tick, tock.
Trust the timechain, not the state.
That's all I need to know, to continue the path I'm on.
Stay humble. Bitcoin is still down 50% from its ATH.
nominal balances will forever be guaranteed. i don’t think the public is worried about banks balance sheets
Im pretty sure Janet can fix this......
