But They Think Crypto Is A Systemic Risk To The Financial System

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So a bank is recording this amount of loss in a year, due to some loss in investments like stocks and shares and we are not hearing anything like the stock market is bad, it’s risky and all sorts of antagonising phrases, because, it’s the stock market and it’s the bank. So that makes everything alright then, because it’s not crypto. The bank has a lot of flaw in their system but because of the obvious decentralised reason of crypto, I don’t think crypto can be considered an option for investment. This loss from the Swiss is recorded as the supposedly highest loss from the bank in a long time possibly in over 100 years.

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Although rumour has it that this loss was not just for the whole 2022 but just for the first 9 months of 2022, meaning that if we are accounting for the whole 2022 it could be more. Now that the bank has made this loss in their assets, who is going to be responsible and pay for these loss? Who else than the citizens, they are probably going to look for ways to spike up the cost of living or create some kind of policy that will have these citizens filling up the loss hole they have created, they have always had a means of doing that.

The most interesting thing about this is that the bank held gold and investments in gold, but unfortunately the value of gold depreciated. For how long will banks and governments keep rejecting the utilisation of the bitcoin opportunities. Gold is actually backed by nothing right? If I am wrong, I think the world is slowly and slightly shifting beyond seeing gold as a store of value and migrating to cryptocurrency.

In as much as crypto has taken a great hit in devaluation this year, other digital assets also did the same, but guess who is considered more risky? Crypto, because it’s literally an investment for the people, of the people and by the people and not centralised by the government. It’s just a matter of time before the government will have no other choice but to start shifting towards crypto investments, just may be it will help bring more crypto adoption.

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Lol everyone national bank is losing money right now idk how they still trying to raise interest rates.

I seen the other day Dubai released a 8.9 trillion dollar stimmy package. The US is about to do the same. Wonder how that will look like at 31 trillion in debt.

We passing funding bills almost the entirety of our national debt and people still okay working for dollars.

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