Analysts: Bitcoin Will Live Through Every Bank Failure. There have been many bank failures as of late.
15 Jun 2023, 08:00
Analysts: Bitcoin Will Live Through Every Bank Failure
There have been many bank failures as of late. The good news – according to several analysts – is that bitcoin is not only going to survive the onslaught, but it will come out with a bright, shining halo over its head at the end.
Bitcoin Is a FighterAt the time of writing, several financial institutions – such as Signature and Silicon Valley Bank – are crashing, and not long ago, First Republic joined the group. Enkeo Knorr – co-founder of Hong Kong-based financial firm Stabolut and the BTC-backed stable coin USB – said in a recent interview:
Anything can happen still, according to the many voices from government agencies that don’t understand crypto and want it to die. We are very worried about how things [will] evolve in the upcoming weeks. The future of crypto is being decided now.