1. Looks like they've printed 1/5 of btc market cap. And it seems like crypto in general surges with bailout/printing events. Cyou say there's a correlation here?
2. 700+ banks sounds massive! My bank could directly or indirectly be on that list. Is it better to hold stable coins vs keeping cash in bank?
3. Why isn't the economy not crashing with this many banks reporting high losses? 50%+ is crazy! Is this a "slowly then suddenly" event? I'd expect mainstream to be all over this. Bank runs and massive inflation as a result of the printing.
Awesome post!
Hey @balaji
This seems big! I have a few questions:
1. Looks like they've printed 1/5 of btc market cap. And it seems like crypto in general surges with bailout/printing events. Cyou say there's a correlation here?
2. 700+ banks sounds massive! My bank could directly or indirectly be on that list. Is it better to hold stable coins vs keeping cash in bank?
3. Why isn't the economy not crashing with this many banks reporting high losses? 50%+ is crazy! Is this a "slowly then suddenly" event? I'd expect mainstream to be all over this. Bank runs and massive inflation as a result of the printing.
Or perhaps we're a few months early?