- $10 trillion in equity could be"wiped out" from the banking system as more banks fail, according to Greg Foss, Bitcoin Strategist and Executive Director at Validus Power Corp.
Foss cited Elon Musk who claimed, in an interview with former Fox News host Tucker Carlson, that more banks will fail as commercial real estate loans default . Foss said"a lot more" banks could collapse. "This is not monetary policy now," said Foss."This is a question of leverage coming out of the system." Bitcoin and U.S. dollar collapse
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