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Another bank just failed and there was absolutely NOTHING in the mainstream media. With high inflation, ETFs incoming and Bitcoin giving great profits, Bitcoin is looking like a good hedge and an even better investment especially from trusting centralized

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by COINS NEWS 123 Views

I would say it's shocking but with the state of mainstream media I guess it is not. Yesterday, we got a +1 to the 2023 failed banks list as yesterday the FDIC closed Citizens Bank due to "significant loan losses" and declared insolvent. The information and release is linked below coming straight from the FDIC site. The news source doesn't get any more official than that. And yet, absolutely nothing from the mainstream media.

Of course, we know that media does the bidding of big corporations and banks but it's mind-blowing that I can't find a single mainstream source reporting on this. Meanwhile, Bitcoin price appreciation is stunning as it is close to doubling its price from the doldrums of the FTX collapse. We have huge tailwinds still incoming with spot ETFs likely on the horizon which will increase interest in crypto as well as further price appreciation from all the buying of Bitcoin needed to back these shiny new ETFs.

Meanwhile the banking system seems to be continuing to crumble and the Fed continues to print away and devalue to dollar and everyone's savings with that.

https://idob.iowa.gov/news/2023-11-03/idob-closed-citizens-bank-sac-city

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/citizensbank.html

submitted by /u/After_Sock_3550
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