We just had the biggest year of bank failures in history, and yet they say Bitcoin is too risky and volatile 🤦

in #hive-1679222 years ago

I know a lot of people still think Bitcoin and Crypto is extremely volatile and scam, so they are saving their money in the bank thinking it is the best store of value but all that has happened this year has shown that banks are not the best stole of value as we have just had the biggest year of bank failures in history, banks are just crashing from every angle. The funny part is that this year Bitcoin has recovered fully from the huge dump from last year due to the crash of FTX and its stablecoin FTT, which dragged the price of Bitcoin down to the $15k level. Most bears and crypto haters were already calling for different new lows below $10k but Bitcoin proved them wrong as usual.


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I know some people might say that Bitcoin is still in a huge dump from its all-time high in November 2021, yes, they are right Bitcoin is still in a huge dump, but the dump would not last forever and it will still recover as it did from the FTX saga dump or like LUNA dump when it happened, Bitcoin and Crypto is the best way to store your value, for those who are still in doubt you can still leave your money in the bank and watch the value of your money go down. NOTE: When I said Bitcoin and Crypto, I didn't mean shitcoins I was talking about coins that solve real-life problems and that have good utility.

So do your research and learn how crypto works before investing in any coin, so you do not get blindsided and rugged, losing your money invested when greedy developers and team members pull all liquidity from their scam tokens. In my opinion, holding Bitcoin and notable Altcoins is always a good decision. But not everyone has the persistence or patience to hold for maximum profit, Bitcoin will end bank failures, because the whole concept on which banks are operating, always eventually fails, Bitcoin and Crypto will become the choice for everyone very soon, the more banks fail the more bitcoin gets stronger. It goes proportionally.

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Yes, indeed! I think because of its antifragile nature, Bitcoin and related cryptocurrencies will continue to thrive amidst the economic uncertainty. Banks are really having a hard time in keeping themselves afloat.

Banks can not keep up