POOF! Financial Institutions Just Lost (another) Couple Billion in Loans and Deposits!!
And the Trend is Just Getting Started ... Tesla announced today it has recently filed with the SEC to purchase $1.5B (that's right billion, with a B) in BITCOIN, as part of a plan to allow consumers to buy Tesla products (cars, etc.) with crypto: https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html Now, if you're a 'banker' keeping up with times and if you're 'in the know' on the real risk to the entire financial services industry represented by digital