Bank crisis fuels next crypto rally

What's wrong with this "picture"?

According to Reuters, US bank deposits add up to $17 trillion.

The total capital on hand at the FDIC?

The entity responsible for insuring those bank deposits?

Well... it's only $182 billion give or take. 

The math doesn't quite work out, does it?

No wonder Bitcoin has been on a short-term tear lately.

Our banking system is facing systemic risk.

So people keep turning to Bitcoin in droves. 

Making it the best-performing asset year to date.

Outpacing gold, the S&P 500, and the Nasdaq. 

But Bitcoin is a store of value and a buy-and-hold asset. 

The problem with that?

When the market crashes Bitcoin goes right down the tubes also.

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No matter what happens to the legacy banking system.

No matter how volatile the crypto market gets. 

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Director
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