98% have no idea what a banking crisis is or why it is even happening, frankly i believe they don't even care.
๐
[781009]
Discussion
Sounds about right. Money is a weird concept to people. They use it every day and so much depends on it but remain oblivious to how it actually works.
It can be hard to grasp for many. Which stops them from questioning it. Reminds me of laws and justice system... hmm
Now imagine asking them to even spend one hour to get familiar with Bitcoin and then crossing over. Institutions and Nations will get there first, ๐ will just have to earn it.
[781009]
Agreed. Boomers worrying about dinner parties and golf.
Millennials focused on kids sports and going to Home Depot.
Zoomers watching people eat on Tik Tok.
That low, you think?
I have many years of risk management in fiat banking behind me (non-US).
Out of curiosity, I contacted a few previous colleagues last weekend and asked them if they understand what is happening with SVB.
Most were able to tell the facts as reported by MSM.
But almost none was able to zoom out even 1 level and mention fractional reserve.
None was able to zoom out a few more levels and question what money really is.