The post US Banks Collapse: Max Keiser Suggests To Buy More Bitcoin ASAP appeared first on Coinpedia Fintech News
The collapse of PacWest Bancorp, Western Alliance, and Metropolitan in the first week of May 2023, caused panic among investors, leading to the suspension of trading in shares of all three financial institutions. While everyone is still reeling from this catastrophe, Bitcoin is showing resilience by gaining 2% and surging to $28.5 thousand after a recent fall.
The question is, does this mean that fiat money is losing its value, or does it indicate that the market is becoming more mature and less affected by micro factors?
“Buy Bitcoin, ASAP!”
Max Keiser, a prominent Bitcoin advocate, believes that fiat money is on the brink of collapse, and all fiat currencies are spiraling toward zero. He even went so far as to say that US banks and the Federal Reserve are technically insolvent. So what does he recommend?
“Get some BTC asap,” he urges his followers.
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