Post
Topic
Board Bitcoin Discussion
Re: Jamie Dimon CEO of Chase Bank on Banking Crisis
by
Minecache
on 06/04/2023, 09:50:06 UTC
This is of course great news for BTC but not so great for the global economy.

Nothing is certain about this yet, like what hatshepsut93 said, I don't think the bank collapse is good for bitcoin. Bitcoin is unlikely to benefit if the world economy continues to deteriorate, let's not forget what happened in 2022. Bitcoin has not yet been able to fulfill its role as a hedge against inflation when it is also heavily affected by inflation as well as the Fed's interest rate hikes. Another thing is that the Fed has no intention of stopping rate hikes, and interest rates are still high, so bitcoin is unlikely to benefit in all situations.