Most likely you’d have by now known about the SVB crises.
The Silicon Valley Bank was shut down. US Fed had to step in. The depositors money, including many Indian Startups was stuck with SVB.
It’s crazy to see that you cannot withdraw your own money. Banks are meant to keep your money safe, right?
If you can’t withdraw your money from banks when you want, people are going to question the entire banking system. And that’s what people are questioning. Many believe, FED may have to print even more money to fill this lacuna in the monetary system.
Crypto enthusiasts believe Bitcoin solves this trust & excessive printing issues. It’s not controlled by any Central Bank. The decentralised nature is what attracts many to it. Especially, when centralised FIAT money is blowing up.
Believers think Bitcoin solves the trust, inflation & excessive money printing problem. Non-Believers, including Warren Buffet & Charlie Munger, mock it.
Time will only tell whether Bitcoin is the best place to park your money.
