Is the current US banking crisis over?
Channel: BTC Lighthouse
Date: 2023-04-06

Not yet according to Jamie Dimon, the CEO of JP Morgan Chase.

In his recent letter to shareholders, Dimon expressed his concerns about the current banking crisis. He believes that the impact of this crisis will be felt for years to come and that it is not over yet.

He also warns that the banking industry is facing increasing competition from fintech companies and other “disruptors”. After calling Bitcoin a fraud in 2017, I am sure he will never be able to say that one of the biggest disruptor can be “Bitcoin”.

The 2008 financial crisis brought the global financial system to the brink of collapse. Recently, there have been bank runs and a major crisis of trust in US and European banks. Even if you have been skeptical of Bitcoin, it may be worth taking a closer look at what is happening in the financial world and considering the role that Bitcoin could play in the future.