Well… a major bank just lost a huge bet on silver.
It couldn’t cover its losses, so the Federal Reserve had to inject $34B overnight to keep the banking system stable, on top of $17B pumped in two days ago. (This rhymes with some early 2008/2020 patterns) 🙃
The bank took on way too much risk in the silver market and maxed out all its credit. This chaos helped silver reach a new all-time high.
Traditional banks are struggling and failing again, so I'll keep diversifying my portfolio on decentralized financial systems like Bitcoin! 🚀
@Cryptofly777 Have a five minute discussion with AI and you will realize the multi trillion dollar economy that Cardano/Midnight are on the verge of unlocking. People will soon curse the day they didn't get in cheap when they could.
@RonDeSantis the U.S. government has turned our healthcare system into a taxpayer funded monopoly where the insurance companies feed off patients like bloated ticks.