465 U.S. banks have collapsed since 2009. Is the Dollar to blame?
796 sats \ 1 comment \ @SatoshiNakanodo 5 Dec 2022 bitcoin
Every time one of these shady crypto exchanges collapses and shitcoiners lose money (ie. Mt Gox, FTX, Blockfi), certain people love to blame Bitcoin.
Yet, since 2009, 465 U.S. banks have gone belly-up. Do those same people then blame the dollar, or immediately trade their fiat for gold?
Of course not – that would be idiotic.
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1 sat \ 0 replies \ @cryptocoin 6 Dec 2022
Of course not
Some do blame fiat. Especially other central banks, whose acquisition of gold has exceeded (by a large margin) that of any other year since 1967:
Central banks haven't bought this much gold since 1967 https://qz.com/central-banks-havent-bought-this-much-gold-since-1967-1849726636
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