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The core subject is just not that individuals’s deposits are in danger from there being too little federal insurance coverage or bailout cash to go round, although the issue that there’s a pure restrict to that necessary backstop is one other argument for bitcoin. It’s the focus of banking energy that fearful depositors at the moment are enabling by pulling their funds out of small regional banks and funneling them into a couple of behemoths: Citibank, JPMorgan Chase, Financial institution of America, Wells Fargo, et al.
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