MartyBent on Nostr: Bank stocks are getting crushed right now with Bank of America leading the way down. ...
Bank stocks are getting crushed right now with Bank of America leading the way down.
Bitcoin is up 102.60% while Bank of America is down 25.14% YTD. 2023 may go down as the year of the decoupling.
We may come to find that the market prefers a peer-to-peer distributed monetary system with a hard capped supply and no counterparty risk to a completely centralized monetary system in which banks have zero reserve requirements and are sitting on worthless government debt.
Published at
2023-10-27 19:41:53Event JSON
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"content": "Bank stocks are getting crushed right now with Bank of America leading the way down.\n\nhttps://m.primal.net/HOlX.png\n\nBitcoin is up 102.60% while Bank of America is down 25.14% YTD. 2023 may go down as the year of the decoupling.\n\nhttps://m.primal.net/HOlY.png\n\nWe may come to find that the market prefers a peer-to-peer distributed monetary system with a hard capped supply and no counterparty risk to a completely centralized monetary system in which banks have zero reserve requirements and are sitting on worthless government debt.",
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