#Bitcoin if Banks go Bust (Ciao Draghi)
Updated
Watch the video and original text here: 
News:
''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote.
The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021.
However, the president refused to accept his resignation.''
In the meantime EURUSD is not 1.40$ anymore, it's 1$
Protests in Holland remind us of the 'Great Reset' that WHO has announced
To make things worse, the perfect storm is complete with the Ukrainian war and Europe's dependency on Russian energy. Ask the Germans for example.
So what happens to Bitcoin if the situation goes out of control?
There is a previous, very real very bad example of a small European nation going bust: The 2012–2013 Cypriot financial crisis. Also known as the 'Cypriot Haircut':
No insured deposit of €100,000 or less would be affected, though 47.5% of all bank deposits above €100,000 were seized.
They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island.
This is what happened to Bitcoin then:
In other words: situation is becoming scary in Europe. Bitcoin could be a good way to prepare for the worst.
That's my personal opinion. Let me know your thoughts.
One Love,
the FXPROFESSOR
News:
''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote.
The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021.
However, the president refused to accept his resignation.''
In the meantime EURUSD is not 1.40$ anymore, it's 1$
Protests in Holland remind us of the 'Great Reset' that WHO has announced
To make things worse, the perfect storm is complete with the Ukrainian war and Europe's dependency on Russian energy. Ask the Germans for example.
So what happens to Bitcoin if the situation goes out of control?
There is a previous, very real very bad example of a small European nation going bust: The 2012–2013 Cypriot financial crisis. Also known as the 'Cypriot Haircut':
No insured deposit of €100,000 or less would be affected, though 47.5% of all bank deposits above €100,000 were seized.
They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island.
This is what happened to Bitcoin then:
In other words: situation is becoming scary in Europe. Bitcoin could be a good way to prepare for the worst.
That's my personal opinion. Let me know your thoughts.
One Love,
the FXPROFESSOR
Note
Waiting for the next systemic risk to arise... this chart will be very important soonNote
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not convince? bankers hare BTC: coinnounce.com/jpmorgan-ceo-backlash-bitcoin-crime-comments/
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MAJOR UPDATE AND POTENTIAL BOOST FOR BITCOIN: reuters.com/business/finance/new-york-community-bancorp-stock-tumbles-dividend-cut-surprise-loss-2024-01-31/Note
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