They told us Bitcoin was speculative and volatile, yet US banks now hold over $600 BILLION in unrealized losses because of bonds
They told us Bitcoin was speculative and volatile, yet US banks now hold over $600 BILLION in unrealized losses because of bonds.
You can't make this shit up!
The current unrealized bond losses are gargantuan across the American banks; as of the end of 2022, American banks had incurred unrealized capital losses exceeding $600 billion.
I could remember when Bitcoin and Crypto, in general, were tagged as highly speculative and volatile assets that were too risky to invest your money in because you stand a high chance of losing it all blaa blaa, now the tables have turned, Bitcoin and Crypto that was tagged as highly speculative and volatile is now the save haven for everyone including those that call it a SCAM or Worthless, as banks which they trusted so much and believed in, are now highly speculative and volatile, dropping like flies all around us.
Banks function because people believed that their money is in safe hands being kept in the bank, so TRUST is the major factor here, now if you take that trust away what is left of the banks? because the banks need us to trust them and keep our money in the bank so they can trade it to make more money for themselves either by giving it out as a loan or investing it in something that will make them more money like bonds, which have come to bite them in the a$$, as it is reported that the United States banks now hold over $600 BILLION in unrealized losses because of bonds, and yet last year Micheal Saylor the former CEO of MicroStrategy was almost crucified for holding a $1 billion-plus in unrealized loss on his Bitcoin investments, my question now is who is crucifying the banks?.
Think twice and save yourself, so do with the information from this post as you wish, it is not financial advice, you can think for yourselves.
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