Quote from: Fiatless on Today at 07:02:53 AM

Quote from: paxmao on Today at 01:00:57 AM

Yep, Swiss Credit and Silicon Valley Bank. The markets are wondering very rightfully which one comes next. It seems that you need a financial crisis every 5 years of the FED and other start forgetting what are they there for. I am concerned about how this may end up, along with the effects on bitcoin - in the past a efuge, but now linked to other financial assets.

This is a clear indication that these banks are not trustworthy. The only difference between these banks and exchanges is that depositors or customers funds are safe according to the Federal Deposit Insurance Corporation. I just wish exchanges will be able to have such insurance that guarantees crypto funds in their custody. This would have helped to reduce the constant attack of the crypto sector by the government.

The rise in the price of Bitcoin this period is very surprising. This is a clear indication that Bitcoin will someday become quasi-independent from global economic influence. Bitcoin is just unpredictable.

It was confirmed that banks cannot be trusted in 2008 but I guess a lot of people already forgot about it. I do not understand why more people do not realize that banks are using their money to gamble with and make a profit and if some thing goes wrong the governments will bail them out because it would ruin the economy if so many defaulted loans were not covered.