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Bitcoin’s Support on the Chart and the US Bank Run

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Bitcoins Support on the Chart and the US Bank Run

It is reported that Charles Edwards, founder of the digital asset quantification fund Capriole Investments, said on social media that Bitcoin is the largest support on the chart, and we are in the early stage of the bank run of the United States. Isn’t that ironic? At the same time, the most reliable stable currency is facing a crisis of trust. The United States needs to step in quickly to eliminate this situation, otherwise it may be too good for the special currency. Remember the words engraved on the first Bitcoin block in 2009? This is the purpose of Bitcoin’s birth.

Charles Edwards: We are in the early stage of a run on the Bank of America

Analysis based on this information:


Charles Edwards, the founder of Capriole Investments, recently expressed his opinion on social media that Bitcoin is the largest support on the chart. According to him, the United States is currently in the early stages of a bank run. He notes the irony that the most reliable stable currency is facing a crisis of trust at the same time as this economic situation. The United States needs to act quickly to address the crisis to avoid giving too much power to special currencies.

Edwards refers to the engraved words on the first Bitcoin block in 2009, which declares the purpose of Bitcoin’s creation. The aim of Bitcoin was to be an alternative to traditional currency and financial systems, offering a decentralized and secure financial infrastructure. In this sense, Bitcoin has come a long way since its inception and has grown into the largest digital asset in the world.

However, today’s economic climate is characterized by instability, with the United States facing the risk of a bank run that could lead to a financial crisis. Bitcoin, according to Edwards, is the largest support on the chart, meaning it has the potential to serve as a hedge against a crashing economy.

Despite this potential, Edwards stresses that Bitcoin is not immune to the current economic situation. He points out that stable currencies, which are typically considered to be safe havens, are also facing a crisis of trust. This means that even the most reliable currencies may not be enough to insulate investors from the financial challenges faced by the U.S.

In conclusion, Edwards’ message underscores the potential of Bitcoin to act as a support structure for the global economy. However, this also highlights the need for countries to act swiftly in response to economic challenges. The crisis of trust that stable currencies are facing underscores the importance of acting to address economic uncertainties before they escalate into a full-blown crisis.

In summary, Edwards’ message is a call to action for the United States to address the current economic situation, recognizing the potential of Bitcoin to act as a support in this time of crisis.

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