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RE: Are US banks on the brink of financial collapse?

in LeoFinance2 years ago

I'll go for digital gold, it's easier to hold. I think the FED plays a key part in the current situation of banks and their inability to make profits and stay afloat. Since everything is interconnected, its effects spreads to other areas of the economy and creates a one big giant mess.

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Clearly, the Fed is behind all this banking and financial instability in the United States, which means that the vast majority of human beings on the planet (especially those without knowledge about crypto) are at risk of losing everything.

On the other hand, it's not a bad idea to seek refuge in digital gold, but one must be careful to know if there is truly a backing of that digital currency in metal; otherwise, we would be using a crypto version of the Fiat model.

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Indeed. Especially if things go south. They'll find themselves in a tough situation.

Yes, sure. That should be considered. My version of digital gold is bitcoin. It is dubbed the digital gold by certain individuals.