First Republic Bank Run Scare Pumping Bitcoin Will Not Be the Last Bank Run Scare to Effect the Markets.

Over the last couple days we have all seen the articles about First Republic Bank possibly going under due to bank runs and mismanagement of assets.

First Republic is the 18th largest banks in the US. Ranked 18 in the entire USA, that is massive.

This should be giving us a taste of what is to come. You can be certain that other large banks are being effected as while as plenty of smaller banks with smaller assets.

The next fed meeting is likely to increase rates once again which is putting on further pressure and the more fear of bank runs being published makes it more likely to grow the issue. For these reasons I suspect more bank runs to come.

When banks fail gold’s price goes. Bitcoin is the hold of crypto which holds value. As we’ve seen with FRB Bitcoins price is pumping as people become fearful of banks and with possibly more fear to come I suspect Bitcoins price may continue raising.

This is all just food for thought you’re gonna wanna keep a sharp eye on the fed meetings, banks earnings, and price actions for BTC. Exciting and scary times.