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Banking crisis not crypto’s fault 🧘🏾🆗

www.thetokendispatch.com

Banking crisis not crypto’s fault 🧘🏾🆗

The banks go one way, and the crypto goes another. Bitcoin has outperformed banks. Binance makes a $1 Billion purchase - BTC, ETH, BNB. Jim Cramer wants to sell Bitcoin. What about Inverse Cramer?

The Token Dispatch
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Nameet Potnis
Mar 14
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Banking crisis not crypto’s fault 🧘🏾🆗

www.thetokendispatch.com

Hello y'all. This is The Token Dispatch. All the hard work. No days off. Giving more. Receiving less. Not quitting. I want to thank me for being me 💃🏾🕺🏾

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The banks have collapsed. Crypto world has been cornered. There are theories, commentaries and narratives. Everywhere. For everything.

The big question - Is the banking crises crypto's fault?

Crypto didn't fail all them banks. It has nothing to do with the failure.

  • Silvergate Bank voluntarily wound down on March 8 ($12 Billion in assets).

  • Silicon Valley Bank (SVB) went into FDIC receivership on March 10 ($200 Billion in assets).

  • Signature Bank was shut down by state regulators on March 12 ($100 Billion in assets).

They themselves did. A heady mix of poor regulations and dodgy risk management. All these banks serviced some crypto clients. Some serviced more than others. No bank held crypto in their balance sheets. They held treasuries. It's their treasury portfolios that posted huge losses and that allowed this to happen.

Crypto's foundation pillar is decentralisation. No one entity is in charge of individual's finance. We are not there yet, and that makes the role of the banks a key aspect for the reality now. The banks are the bridge between the decentralised and the centralised finance systems. So the great banking meltdown, is going to have an impact on the crypto industry. It also leaves lot of uncertainty regarding the finance system bridge that crypto needs to make it accessible to masses. This was on cards, not a surprise. It is a problem that crypto needs to work around and eventually workout.


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Twitter avatar for @naval
Naval @naval
Someday, we will look back and realize that there were only two banks all along. The Federal Reserve, the fully centralized bank, and all of its branches, and… Bitcoin, the fully decentralized bank, and all of its stepchildren.
4:32 AM ∙ Mar 13, 2023
14,162Likes2,366Retweets
Twitter avatar for @KimDotcom
Kim Dotcom @KimDotcom
🧵 Why US banks are failing 🧵 US banks were provided with interest free money by the US Govt / FED for years to prop up the stock markets and to buy Govt bonds. The undocumented rule is that those banks which buy more Govt bonds get preferential treatment to access free money.
2:07 PM ∙ Mar 13, 2023
12,514Likes4,176Retweets
Twitter avatar for @balajis
Balaji @balajis
Banks are failing because they bought Treasuries. Full stop. The "safest asset in the world" is the riskiest asset in the world.
Image
10:37 AM ∙ Mar 13, 2023
4,719Likes988Retweets
Twitter avatar for @LynAldenContact
Lyn Alden @LynAldenContact
Years ago, The Narrow Bank tried to do a business model of just taking deposits and holding 100% of them in reserves at the Fed. It would basically be the safest possible bank if allowed to exist, but they have not been granted a Fed account. They even went to court over it.
8:29 PM ∙ Mar 13, 2023
6,848Likes1,310Retweets
Twitter avatar for @DeepBlueCrypto
🌋🌋 Deep₿lueCrypto 🌋🌋 @DeepBlueCrypto
#Bitcoin wealthy means owning smaller and smaller amounts of BTC over time. 2010: 100,000 #BTC 2014: 10,000 #BTC 2018: 1000 #BTC 2022: 100 #BTC 2026: 10 #BTC 2030: 1 #BTC 2034: 0.1 #BTC 2038: 0.01 #BTC 2042: 0.001 #BTC 2046: 0.0001 #BTC 2050: 0.00001 #BTC
Image
10:14 PM ∙ Mar 1, 2021
251Likes95Retweets

TTD MTM 📈

The 2008 financial crisis gave birth to Bitcon. 15 years later, we are is a similar kind of pickle and BTC looks strong.


TTD Number Picker 🔢

$1 Billion

Binance will convert about $1 Billion Industry Recovery Initiative funds from BUSD to native crypto, including BTC, BNB and ETH.

Twitter avatar for @cz_binance
CZ 🔶 Binance @cz_binance
Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency.
4:12 AM ∙ Mar 13, 2023
27,578Likes5,883Retweets

“The transfer took 15 seconds and cost $1.29. Imagine moving $980 million through a bank before banking hours on a Monday,” CZ is on the move.


TTD Blockquote 🔊

"Bitcoin is a strange animal"

Jim Cramer, host of CNBC’s Mad Money, on Monday March 13, urged investors to be cautious, as the cryptocurrency is still subject to manipulation and investors should sell their holdings amid the rally.

Twitter avatar for @CramerTracker
Inverse Cramer (Not Jim Cramer) @CramerTracker
Jim: "I would sell my bitcoin right into this rally" Congrats crypto investors
10:19 PM ∙ Mar 13, 2023
3,699Likes268Retweets

Inverse Cramer do the opposite of what Jim Cramer recommends. The Token Dispatch List - Who we following?

No Thanks Jim.

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Banking crisis not crypto’s fault 🧘🏾🆗

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2 Comments
AnonymousMar 14

not sure this is a breakout rally for crypto. but the signs are promising. can't wait for the day when crypto becomes a hedging against conventional investments

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Akhil BVS
Mar 14

🙌🏻

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