Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Monday, May 1, 2023

First Republic Bank And Bitcoin, Cryptocurrencies


First Republic Bank, a financial institution that had lent significant part of its loans portfolio to finance Bitcoin, cryptocurrency related businesses, was placed in administration over the previous weekend and is being taken over by JP Morgan.

Bitcoin's price fell a lot in yesterday's trading session. Which is natural, given that First Republic Bank could be called a crypto bank.

Wolfteam Ltd. holds the opinion, that Bitcoin, Ethereum, Dogecoin and other cryptocurrencies will survive First Republic Bank's financial troubles, like crypto survived the recent failure of Silicon Valley Bank, another crypto lender.

Bitcoin proves resilient, lean, anti-fragile, adaptable, robust. Essentially, Bitcoin and crypto in general seem a survival, long-term prosperity story, for now, at least.


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