There could be much of a discreet informations that these banks must be hiding about why the depositors had to at once withdraw their deposits from the bank leading to it's collapse. All of these institutions prefer taking their secret that led to their weakness to the grave than having it to the public desk. And in every matter of money when trust is no more ensured there's bond to be disagreements.
Starching more in a bank without getting enough return in profit from your money year in year out is one dump decision in this 21C, and my guts tells me some of those depositors might wanna try investing in cryptocurrency as an alternate discovery.
Starching more in a bank without getting enough return in profit from your money year in year out is one dump decision in this 21C, and my guts tells me some of those depositors might wanna try investing in cryptocurrency as an alternate discovery.
Which is why they're attacking cryptocurrencies so much this year. It's not a coincidence that they were more or less fine with cryptocurrencies as long as banks were doing fine and inflation wasn't going crazy, but since 2022 it's an all out war. Suddenly they sue people for promoting cryptocurrencies, advise the banks to stop dealing with exchanges and crypto companies, demand licenses, attack centralized cryptocurrencies like XRP, because these are easy targets, attack miners, because they are also easy targets as they have registered businesses, unlike holders and traders... We hear about all this energy FUD, bank failures are blamed on crypto, it's like a textbook example of looking for a scapegoat.
The goal of all of this is to blame something else for their own mistakes and scare people away from crypto investments that offer an easy escape from the current system. They know well that people moving their money out of the banks and into crypto would not only collapse the banking sector but also weaken the dollar.
