Even Banks are Not Reliable Anymore!

Recently we have seen whatever has happened in US banks and this is a very bad situation for people because they have to go through a lot. It's not the first time when we have seen banks collapsing but this information was not shared in public on time else it's difficult to believe that any bank can crash overnight. This was one of the biggest financial labs after the year 2008 and all these happened in very less time which I believe is because the information what not shared by the banks to inform the general public.

This situation arise the question of whether can rely on these banks to keep our funds. It is difficult to answer the question in this situation when we know that the situation is not normal and you never know if there is another bank standing at the crash. Usually, it is understood that banks in the US are more strong in terms of liquidity and inflation but in this situation that seems incorrect. The government says that Crypto is not reliable because it is volatile and people may lose money they investing in Crypto but now even with banks and the stock market also people are losing their hard-earned money. So what is the good option that people can choose where they can rest assured about the safety of their money?

Crypto is volatile and we know it I think a good thing about cryptocurrency is that nothing is hidden and things are available for everyone to check and verify. We can also own the ownership of money we have in form of Crypto. This is decentralized no single company or entity is running the business and they cannot control it through any process.

The single biggest impact of the banking crisis is that it might force the US Federal Reserve to end its rate hike cycle. While Goldman expects the Fed to keep rates on hold at its March 21-22 meeting, Nomura has gone a step further in predicting that Powell may cut the benchmark interest rate by 25 basis points and stop reducing the size of its balance sheet.

Even in India we have seen bank crises and a few years back yes bank was about to collapse but at the last moment, the government came forward to rescue it and usually it does not happen. Now if we talk about the stock market then Adani is the name that we have heard a lot the share price of this company was broken a lot. We need to invest money to let it grow but it's very difficult to find a place where we can invest and don't worry about it.

Certainly, banks are not a reliable option anymore and I still feel that crypto is better in many ways. I am going to focus more on crypto and no matter what the government says about it. They really need to give crypto serious thought as some countries are doing it already.

Thank you so much
Stay Safe

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