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BANK BREAKDOWN!
Last year we had 5 bank failures among these "silicon valley bank and signature" and this year 2024 we had the first bankruptcy which was of "republic first bank" representing a relatively small bankruptcy but still striking. According to reports, this bank had $6 billion in assets and $4 billion in deposits.
This could be reflected in the cryptographic field, with BTC having a reunion with the price of $ 62,000 and also seeing declines in large cryptos such as ETH and SOL.
DO WE NEED A NEW SYSTEM OR REORGANIZE THE ONE WE ALREADY HAVE?
These bank failures plus the high interest rates that we have witnessed in recent years give us to see that we need changes with respect to the banking system that is currently being managed. This is before we experience a crisis like the one in 2008 again.
Or do you really need to be at that point to open your eyes?