@adtradfx @BBCWorld@hardestgeezer Same, I remember when he was in South Africa training and figuring out visas I think. He had couple thousand followers now he blew up. Crazy how it’s been 200+ days feels like was last week. Absolutely legend
If tomorrow is a “Black Monday” scenario and we have a bank run and market collapse, digital assets will most likely crash as well - Bitcoin included.
Highly liquid, easy to sell.
But it shouldn’t!
BTC should rise as people flee to safety. But that can’t happen if their fiat is locked in a bank and not enough people are believers yet.
Either way - when we last had a similar situation in March, 2020, the dip was temporary. And the aftermath was glorious. $4,000 to $69,000.
There is more than $22 Trillion in the U.S. banking system. The FDIC has $124.5 Billion on its balance sheet and a $100 Billion line of credit from the U.S. Treasury. FDIC assets cover only 1.26% of deposits. About the size of Silicon Valley Bank. One bank. Let that sink in.