If you think the Fed will stop hiking, look at Bitcoin

I rather would have my money parked in bitcoin right now compared to an account with a US regional bank. It's my belief. And if others believe the same then you get to a bitcoin level of 26k. As much as I don't believe in cryptos you really pick any object tof your imagination as long as you get sufficiently many others to believe the same.
Except that it shouldn't be a question of BTC or a regional bank, but rather BTC or the currency held in a bank. Then it's a question of which bank. I'll stick with banks. Fortunately, here in Canada, our banks are quite stable.
 
Of course they won't surrender to fighting inflation. The market completely got this one wrong. Some in Canada are even speaking of BoC rate cuts this year. Ludicrous how easily some are swayed by some minor news.
Raising rates behind the inflation curves is not fighting inflation. There must be other actions.
 
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So since a movie a named the Sting, made millions 1973, that 1973 move or movies was ad for bit con also?? Some may say well that is a younger con than 1973. Ok
LOL Partial disclosure\ my banker dad bought US tickets for that move ie ''The Sting'' [con]; so was he promoting a con??:D:DOr an admission of a bankers failure??

wtf?
 
I live in Canada, am happy with my BMO and TD deposits. I in particular spoke of a large number of undercapitalized US regional banks. There is a reason the US regional Bank index tanked almost 8%.

And I disagree with your statement. The last thing people want is have their deposits locked up for weeks or months before any of that mess is sorted out. Especially for those who deposit more than 250k.

Except that it shouldn't be a question of BTC or a regional bank, but rather BTC or the currency held in a bank. Then it's a question of which bank. I'll stick with banks. Fortunately, here in Canada, our banks are quite stable.
 
This has nothing whatsoever to do with credit risk. Those are deposits, zero credit risk against the bank in question involved. Even if the bank goes under the deposits are not exposed to the credit risk of the bank. Depositors are at most exposed to market risk.

 
I rather would have my money parked in bitcoin right now compared to an account with a US regional bank. It's my belief. And if others believe the same then you get to a bitcoin level of 26k. As much as I don't believe in cryptos you really pick any object tof your imagination as long as you get sufficiently many others to believe the same.
If I need my cash in a year or less I wouldn't put it in a volatile asset like BTC.
 
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