The US banking system is built on the expectation that equity and bond holders accept the bank economic risk and depositors, particularly the small folks, do not.
While that is not legally the structure, its important to keep in mind that's functionally how it works. Thread.
I know things look bad for #crypto, but this bear market is completely on pace with previous cycles, even if there is more downside.
It's not fun, but there is literally nothing out of the ordinary right now.
This #Bitcoin chart going back to 2013 illustrates it perfectly.
Excited to announce that @Gucci will become the first major brand to allow customers to pay for purchases in-store with ApeCoin, via @BitPay. ๐๐๐