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They are saying that are going to bail out banks if they fail by not commercial banks. The big banks they choose to back are the ones they have control over. They won't bail out the private banks, they won't fully insure them. I look at Bitcoin, and I believe that we are on our way to $30,000 BTC and I think is a matter of time. There are some interesting comments essential suggest that people have taken over the Silicon Valley bank I think HSBC has got to cut ties with people's crypto-related activities which is quite interesting. Even though the Gensler news is quite negative, we have got the like of Fidelity crypto quietly went live giving millions of retail customer access to crypto.
You also have got Black rock CEO, Larry Fink coming out and saying that the US needs to kind of speed things up or they are going to miss out on this innovation. We are seeing Gary Gensler going after some centralized exchange and we have already seen him go after the like of Kraken for promoting and offering security-like services. We are now seeing him sort of call into question these individual cryptos and ask for people behind them to come and look for compliance.
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