$10 trillion could be ‘wiped’ from banks as crisis escalates, Bitcoin is your insurance

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Published May 5, 2023

Will the ongoing banking crisis cause gold and Bitcoin to rally?
Greg Foss, Bitcoin Strategist and Executive Director at Validus Power Corp, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the Federal Reserve's latest rate hike decision, along with Powell's statement that the U.S. banking system is 'sound and resilient' -- which Foss disputes. Foss claims that more banks will fail, and that $10 trillion could be 'wiped out' from the banking system. This will occur alongside a broader U.S. public debt crisis, which will cause Bitcoin to soar in value as the American economy deteriorates.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Greg Foss on Twitter: @FossGregfoss (https://twitter.com/FossGregfoss)