Bitcoin hits $28k as uncertainty surrounds banks
Bitcoin is an asset with significant market risk but basically no counter-party risk if held in self-custody on chain.<p>Bank deposits are unsecured loans used to speculate with leverage for privatized profit. If their bets fail we socialize the losses among all dollar holders. USD in a bank account has minimal market risk other than inflation but we are collectively learning the difficult lesson that they present significant counter-party risk for depositors.