On the one hand, fuck the banks.
On the other, a systemic bankrun can effectively put fintech to sleep for half a decade, dragging crypto to levels not even Luna + FTX ever did.
Monday is definitely going to be fun, to say the least.
On the one hand, fuck the banks.
On the other, a systemic bankrun can effectively put fintech to sleep for half a decade, dragging crypto to levels not even Luna + FTX ever did.
Monday is definitely going to be fun, to say the least.
Investing some amount into traditional non-cryptocurrency assets might not be a bad idea this week. Diversification of different asset classes and funds from various sectors is very healthy for reasons like this.
We need mass adoption of cryptocurrency in Nigerian. Transfers of funds through the banks are not working. Many are suffering, staving and going through hard time right now. The banks has failed Nigerians.
#adoptcryto #threads #gosh
I think it's going to matter more in terms of what happens with VC money and how many businesses that ends up affecting and how/if they are tied to crypto. I see the stock market taking a bigger hit than crypto with what's going on.
Honestly my friend. For example here in my country, the cbn new policy has strap the bank of everything. No one is depositing money to the banks again. I'm wondering how the Banks will manage to pay their workers this time.
#threads #gosh
They shouldn't ever be trusted again because they failed us when we needed them most.
A bankrun could also prompt investors to transfer their wealth into Bitcoin/crypto, causing more states and cities to adopt it.