AN HIT ON US BANKS,COLLAPSING OF THE BANKING SYSTEM AND WHAT IT CAN MEAN FOR CRYPTO

Recently,there has been some alarming issues concerning the us bank going bankrupt and collapsing report has it that it is due to mismanagement and other economical,well wheather that true or false,it is uncertain.

The federal reserve has been faced with this challenging for quite some time now,so they are on their toes launching policies that can make up for the current catastrophe.

Source
Banks like silicon valley and signature bank really go down the drain,all of the happening tends to get people wandering if banks is a saver place to keep their money.
The us federal government promised to take care of what is responsible for this chaotic happening but still,no improvement has been made so far.
This issue of economical crises for the us is not something that came on expected,many economist has predicted the happening and it is also said that the federal reserve has been increasing the rate of interest so as to stop inflation since 2022 and here we are.
While all these things are happening,crypto currency is at an advantage with people second alternative,if not completely.
Crypto currency has suffered a lot of struggle to get here and it seems like it getting the attention it deserves now,initially crypto currency is better than any banking system because of the lack of capitalization it has,it good to see crypto rising to become people first alternative has time is passing by.

THANKS FOR VIEWING MY POST AND DO HAVE A GREAT DAY.

Posted Using LeoFinance ^Beta