AndyBTCAdviser on Nostr: You have $50k in the bank, the bank can loan it out at $1m for a mortgage with ...
You have $50k in the bank, the bank can loan it out at $1m for a mortgage with fractional reserve requirements (worse in U.S.) the bank then earns 2% / $20k in profit.
At a p/e of 20x that $20k equates to $400,000 of market cap.
$20k less profits and $400k less in market cap for every $50k they let walk out the door.
Are banks protecting you from fraud by limiting your withdrawal of $50k to buy #bitcoin or do they want to protect their bottom line and their share price?
Buy #bitcoin and self custody!
#OperationChokePoint
Published at
2023-08-15 11:07:28Event JSON
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"content": "You have $50k in the bank, the bank can loan it out at $1m for a mortgage with fractional reserve requirements (worse in U.S.) the bank then earns 2% / $20k in profit.\n\nAt a p/e of 20x that $20k equates to $400,000 of market cap.\n\n$20k less profits and $400k less in market cap for every $50k they let walk out the door.\n\nAre banks protecting you from fraud by limiting your withdrawal of $50k to buy #bitcoin or do they want to protect their bottom line and their share price?\n\nBuy #bitcoin and self custody!\n\n#OperationChokePoint https://cdn.nostr.build/i/d6a51adb121311e1810605dfa8536803e3dbe9807ef4c1f8179c81ffe75e3250.jpg ",
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