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Bank runs revealing fiat deposits are magic internet money...Crypto entered the chat.

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by COINS NEWS 100 Views

https://www.coindesk.com/tech/2023/03/22/rapid-bank-runs-reveal-deposits-are-now-magic-internet-money-too/

Alot of people are realizing that their "savings" at their bank are nothing more then digital numbers. This is a terrifying thought. With the bank contagion likely to continue spreading over the next year we may see even more crypto adoption from people who actually understand what it aims to solve.

I couldn't imagine the horror when families and business owners watch their savings evaporate into thin air because the bank "doesn't actually keep cash on hand" I'm glad the fed has bailed out depositors but I don't think the last domino has fallen yet. Thoughts?

submitted by /u/eljugador416
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