 | The financial system has been under stress. A lot of stress. Since the pandemic and the non stop printing of money, the huge inflation caused by it, then the FED putting on the breaks and the rapid increase of the interest rates, the economy is on the brink of collapse. Many companies in crypto have collapsed or showed signs of doing so: FTX, Celsius, BlockFi, Luna, Three Arrows capital, Voyager Digital, and more. Tether and USDC also showed some weakness. Recently, the Banking System: Credit Suisse, Silvergate Bank, Silicon Valley Bank, Signature Bank... Deutsche Bank also under stress. Look at this image showing the spike in CDS. 2008 much? Everybody is still waiting for the collapse of a big player... [link] [comments] |
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