Galen Weston's 55% raise is a slap in the face to Canadians everywhere.
It should be taxed and sent to families and food banks instead.
Add your name if you agree.
https://t.co/j8ms04LjuQ
Bitcoin was created in 2009 as a response to the 2008 financial crisis.
This could very well be the first time in #bitcoin's history that it will experience what it was made to protect against.
SVB just got seized by FDIC. 151 Billion dollars potentially uninsured.
If banks start to fail because of underwater bonds, then it's not due to bankster money management practices like in 2008. Instead, it's a system risk in the financial sector. One that can affect commercial banks.
If the public doesn't feel safe putting their money in the bank, then there's only 3 things to do:
1. Cash out. Keep money under the pillow. This is exposed to high-inflation.
2. Convert to Gold. This is exposed to Gold's volatility and difficult to self-custody.
3. Buy Bitcoin. This is easy to self-custody, but exposed to high volatility. But if Bitcoin starts to pump because of all this, then it can trigger FOMO / a sense of security.
If banks start falling left & right, and you see Bank of America, Wells Fargo, Citi Bank, etc. exposed to this much unrealized loss..... what will you do?
#ShortTheBanksBuyBitcoin
₿REAKING: Texas A&M University, the largest school in the United States by number of students, has added the #Bitcoin Protocol class to its spring curriculum.
@cz_binance Forbes:
Binance Is Bleeding Assets, $12 Billion Gone In Less Than 60 Days
Reality:
Binance successfully processed $12 Billion of withdrawals with no any default or delay, continues operating with 0 fees on spot BTC trading for the 6th consecutive month
https://t.co/w2f4khcdYm
@FiveFoxtrot Exact same thing happened to me. I had to copy paste the link into the TW browser and go from there. Make sure to switch from eth to bcs (three dots at the top, switch EVM network). Once I did it this way it worked fine 👍🏻
@justbeingmendy If you take 100 Pennies to the bank and they give you a dollar coin you have the same amount of $, but less bulky change in your pocket. Exact same thing here.