Billionaire Investor: “Banks Should Be Scared”

The collapse of Silicon Valley Bank, Signature Bank and First Republic were all over the mainstream media. Is this proof that cryptos are working as intended? Dear Loyal Reader, The collapse of Silicon Valley Bank, Signature Bank and First Republic were all over the mainstream media. But here’s what they didn’t mention… Bitcoin was created in the aftermath of the 2008 financial crisis to “fix” traditional finance’s lack of transparency. That’s the very issue that caused the recent collapse of these banks. Which might explain why the price of bitcoin surged shortly after. Here it is after the collapse of Silicon Valley and Signature Bank… [Click here if you are unable to see the image.]( Here it is after the failure of First Republic… [Click here if you are unable to see the image.]( Cathie Wood of Ark Investment Management said she is “not surprised” bitcoin and other cryptos surged shortly after these failures. She said: “Their blockchains are decentralized, transparent and auditable. Banks are not.” As more and more banks with toxic financials surface… People are waking up to the promise of bitcoin and other digital currencies. After all, bitcoin was the best-performing asset in Q1 of 2023. It’s up about 70%. But one leading expert’s research shows that another crypto is positioned to become 20 times bigger than bitcoin. As he explains: “It could soon power the rails of global finance”… And with the ability to power 100,000 financial transactions per second, billionaire Shark Tank Investor Mark Cuban said: “Banks should be scared.” Very soon, this one coin could become the cornerstone of the $100 trillion financial industry. Square and PayPal are already heavily invested. So have billionaires Ray Dalio, Elon Musk and Mark Cuban. People who see what’s happening, could become crypto’s next millionaire. [Go here to see how you can invest with as little as $20](. Regards, Matthew Clark Chief Research Analyst, Stock Power Daily ---------------------------------------------------------------  Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2023 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe.](