“186 BANKS AT RISK OF BANKRUPTCY”- WSJ

But how, they’ve decided to backstop everything and honor the bonds at par 🤷‍♂️

How can anyone take this fractional reserve system seriously…

Usually when I speak to a TradFi person about bitcoin, the same thing becomes apparent.

Most people who who dislike bitcoin haven't held it. They see it as a price chart in their brokerage, like QQQ.

They haven't brought the asset into self custody, and then brought it with them as they went around the world. They have the U.S. dollar and don't understand why any other money is needed, and haven't thought about other people much, globally.

No wonder they view it as a random correlation.