The other day another large American bank went bankrupt, some interesting notes from Twitter:
Arthur Hayes: When this bank fails, probably later this week, we will be closer to the market realizing that the entire banking The US deposit base is effectively guaranteed by the US government. This is highly inflationary, which is why XAU and BTC are rising on the news that FRC is a dead bank.
Miles Deutscher: We won’t see a mega altcoin rally until significant new liquidity enters the market. Now it’s just a game of moving capital into different narratives. However, there are still opportunities to make money in these circumstances. It just takes more effort.