Next100XGEMS on Nostr: They told us #Bitcoin was speculative and volatile, yet US banks now hold $600 ...
They told us #Bitcoin was speculative and volatile, yet US banks now hold $600 BILLION in unrealized losses because of bonds... You can't make this up! 😂
Despite the warnings about the volatility of Bitcoin, US banks are now facing unrealized losses worth $600 billion due to bonds. It seems that the traditional banking system has its own share of risks and uncertainties, and it's not just cryptocurrencies that are susceptible to market fluctuations. Who would have thought that the very institutions that cautioned us against Bitcoin would be the ones facing massive losses themselves? The irony is hard to miss, and it's a reminder that when it comes to investments, there are no guarantees.
Despite the warnings about the volatility of Bitcoin, US banks are now facing unrealized losses worth $600 billion due to bonds. It seems that the traditional banking system has its own share of risks and uncertainties, and it's not just cryptocurrencies that are susceptible to market fluctuations. Who would have thought that the very institutions that cautioned us against Bitcoin would be the ones facing massive losses themselves? The irony is hard to miss, and it's a reminder that when it comes to investments, there are no guarantees.