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2023-03-11 10:26:26 UTC
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Grand on Nostr: the only way to escape a run on a bank is to withdraw cash from the system.. not many ...

the only way to escape a run on a bank is to withdraw cash from the system.. not many will flee to bitcoin, if it too is burning.. hence why we haven't seen massive bids both when BUSD signalled they were in trouble and now as USDC reportedly say they have 30% of cash reserves tied up in this bank. This is all an attack on bitcoin to erode confidence. Outside of here, where is the confidence stemming from? What you see is all there is.