Post
Topic
Board Altcoin Discussion
Re: Banks are collapsing. Will Bitcoin and other cryptocurrencies rise from here??
by
goaldigger
on 17/03/2023, 16:30:52 UTC
Recently bank like Credit Suisse and Silicon Valley bank are collapsing. People are switching their money to bitcoin. Is it the sign that more people are no longer trusting the bank and are moving toward to decentralized world?
As of the moment the banking industry are still in shock, we might see some good effect for Bitcoin in short term but many are also suffering because of this. There's a panic around the world and the fear of experiencing the same faith with their local banks, many countries are also limiting their banking transactions. We might finally see Bitcoin to be appreciated since many realized that even a biggest bank will collapse in just a week. There's no assurance about the future of the Banks but I think they will rise again for now, we should be more careful and continue to monitor your bank, so you can act right away.