Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

The rise of Bitcoin in the face of a growing U.S. banking crisis is similar to how it reacted during banking collapses in Cyprus and Greece.

BTC’s price grew by up to 5,000% amid the Cyprus financial crisis in 2013, prompted by the exposure of Cypriot banks to overleveraged regional real-estate companies.

he situation was so dire in March 2013 that Cyprus authorities closed all banks to avoid a bank run.

When Greece faced a similar crisis in 2015 and imposed capital controls on citizens to avoid a bank run, Bitcoin’s price gained 150%.

So people, mark it down that the time when we have to save our money from the banks has come.

submitted by /u/wideUnderrun73
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