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RE: Wall Street Is Having The Worst Day Of The Year - Crypto World Is Thriving

in #news8 years ago

It's rather easy for one to see where this is going. This is also why I believe we are not in a crypto bubble. Even if one wishes to pull out their money, where would they put them safely.

I believe the next crisis, whenever is coming is going to have the same effects in the economy as with what happened in Cyprus a few years back. Saving accounts will suffer a "haircut". That't right. Any individual with more than 100K in their account will see their money vanish.

Most people are not aware of this.

https://en.wikipedia.org/wiki/2012%E2%80%9313_Cypriot_financial_crisis

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Totally agree with this. I already see strong signs of banks strengthening control even if you're not moving your money away from them. Life will get very interesting, very soon.