THIS BANK JUST COLLAPSED! GET YOUR HANDS ON SOME BITCOIN NOW!

THIS BANK JUST COLLAPSED! GET YOUR HANDS ON SOME BITCOIN NOW!

another bank just collapsed it just went
to zero I want to explain what happened
and talk about how this affects crypto
we also have something big that’s
happening within about 72 hours actually
less than that at the time of this
recording and we have some news from an
altcoin that I’ve covered a handful of
times on the channel if you don’t mind
hit subscribe turn on the Bell
notification underneath the video so you
can see future videos just like this
there’s also going to be a link
underneath the video to Marx where you
can trade cryptocur using leverage now
this is something that you can do during
a bull market something you can do
during a bare Market but I think it I
think it’s better during a bow because
we have more upside potential also we
have been pretty close recently to the
support that we’ve seen around 60,000
59,000 maybe you want to put in a long
right get ready for this next Bull Run
or this next move up so if you want to
check this out there’s a link to
underneath the video and in case you
didn’t know you can also refer other
people so you can actually go to this
referral section click on it and you can
refer other friends of yours to and then
you get part of their referral or part
of their fees as well so if you have
some big whale Trader you can set them
up with Marx and they have this new
convert function which has been pretty
awesome so far zero fees and you can
convert in between different assets so
definitely check this out underneath the
video there’s also a link to coin W as
well in case you want to trade on a
different platform this is now one of
the largest Platforms in the world coin
W uh it’s number five on the derivatives
list over on coin market cap and when
you sign up you get a bunch of deposit
bonuses you also get access to a private
group with prot Traders uh that’s over
on telegram but you only get that if you
use our link so definitely check that
out underneath the video now let’s get
into the content here we have breaking
news last night Republic First Bank
officially coll collapses and seized by
Regulators by Bitcoin uh right now I
mean they say Bitcoin is risky though so
yeah it’s funny it’s funny they say that
they’re here to protect you but somehow
an asset that was worth
$220 per share went down to
0.04 uh over the last two years right so
it went down
99.98% really protecting those investors
for sure now the good thing is it does
seem like the depositors were taken care
of I know in the past they when other
Banks collaps there was some question
whether they’re going to back this up
back up the depositors after they were
above the $250,000 limit it seems like
these are going to be backed up they say
that it’s going to be taken over um by
another bank uh and where was it here
Republic Bank had about 6 billion in
total assets and and and 4 billion in
total deposits as of January 31st 2024
the FDIC estimated the cost of the
failure to its fund to be $667
million apart from the deposits Republic
also had borrowings and other
liabilities of approximately 1.3 billion
so it allows some other bank to double
its reach in a certain region and yeah
uh the depositors are okay but still I
mean this is costing a billion dollars
where do you think this all comes from
in the end who do you think pays for
this kind of stuff but again they’re
protecting you in crypto not allowing
you to use certain self- custody wallet
Solutions now or uh forcing them out of
the US that’s been some of the news
recently you know this is also important
to take a look at because it really
underscores the importance of Bitcoin
having self- sovereignty having control
of your money because there is
counterparty risk even in Banks right
the government says uh I we don’t want
to pay for this Bank it’s either too
small or too big we don’t want to we
don’t want to sell it no one wants to
buy it you know the depositors are
screwed right uh and if you have over
$250,000 at one of these Banks you’re
not necessarily
insured it’s kind of crazy but a a lot
of businesses have to have over $250,000
right or a lot of wealthy individuals
have over
$250,000 and if you know a company needs
to meet payroll unless they have money
at several different banks or maybe they
have some Bitcoin they could be screwed
that’s another reason that you might
want Bitcoin as a company is you
actually hold it you actually control it
right the the value in US Dollars might
change over time but first of all it’s
not automatically devalued year after
year systematically and two you can get
access to it whenever you need it right
so another big selling point for Bitcoin
when Banks collapse now how does this
affect crypto shortterm well
last time we saw a lot of the bank
collapses we actually saw Bitcoin Spike
up now we didn’t get that news last
night there’s actually some other fear
that kind of Hit the market um someone
misread something I’ll explain that here
in a second but we didn’t move up on
this news last night at all uh but it
should continue to kind of push the FED
to lower rates now do I think they’re
going to lower rates just because of
this no they know this stuff is going to
happen and they’re okay with a little
bit of collateral damage
but it reminds them okay when we can
lower rates we should right uh and
there’s been some higher inflation
prints recently some lower gdps so that
kind of scared the market a bit this
week but the FED meets next week they’re
going to announce the the rate hold most
likely there’s only a 2.4% chance that
we get a rate cut there’s a 97.6% chance
that they just hold rates and that’s
pretty much the expectation for June as
well that’s expectation for July and
then starting in September that’s when
we flip to thinking there’s going to be
a rate cut so yeah the fed’s going to
speak next week we’ll have to pay
attention to see exactly um o this is
interesting this is really interesting I
could be wrong but I believe Kansas City
Cattle
Company is the is the company that
accepts Bitcoin okay sorry I got T I
gotten a there but let’s take a look at
this Kansas City Cattle Company yeah
this is the cattle company that owns
Bitcoin that’s using it as a treasury
asset really interesting I’m getting ads
for it uh while I’m looking at the Fed
rate monitor too I’m surprised that they
don’t have anything about Bitcoin in
this advertisement but really
interesting there uh you know Google
knows me pretty well I guess but uh
let’s move on so Jerome Powell’s going
to speak next week and probably give
some thoughts on the economy thoughts on
inflation yeah we’re going to have to
deal with that see how see how the
market shakes out from that but starting
the 30th which is Tuesday Hong Kong
Bitcoin ETFs will launch Chinese
investors with Hong Kong resident
permits will be allowed to buy shares in
these new Bitcoin ETFs so there’s more
Capital that’s unlocked that could flow
into Bitcoin and they don’t have a huge
overhang like gbtc as far as I know
right so this should be just you know
net positive for the space now we did
have one other thing that scared the
market last night Dylan mclair who is
one of the top Bitcoin analysts over on
Twitter has a big reach talked about how
all of a sudden you weren’t going to be
able to use the Bitcoin ETFs as
collateral or you weren’t going to be
able to get loans on them now this I
think scared the market a bit because
some people do want to take loans on
them one day I have bought some of the
Bitcoin ETFs in that’s one of the big
selling points is that you can have
extra liquidity you don’t have to use um
more risky third parties right you could
just go to Fidelity and be like hey I
want to loan on my portfolio now I’m not
doing that yet but one day I may want to
last night D mcir said that that’s
basically not going to happen anymore he
misread something though apparently he
was wrong about that so it kind of
scared the market I think for a little
bit it didn’t get passed around Twitter
too much and to be honest the wording
was a little bit difficult I think for a
lot of people to understand but now it
seems like you’re going to be able to
loan get loans against your um against
your Bitcoin ETFs and he said didn’t
mean for the alarm tonight on the dtcc
news I even read the doc before posting
uh seems like an initial Mis
misinterpretation apologies owning it of
course so I think he did delete his
initial tweet about how like people were
going to not be able to take loans
against our BTC ETFs but he left up this
one saying that you know we’re so back
right um but kind of just interesting
obviously some people have different uh
reasons to hold Bitcoin than others some
aren’t just buying it just for the 10x
some people are buying it because they
want some price appreciation they also
want to be able to take loans against it
they want to sell cover calls against it
so when there’s some kind of mixup like
this when some people think that hey I
can’t do the thing that I wanted to do
it does freak out the market a bit now e
has some big news with solid growth in
top two trending on coin Market Gap in
one day we’re ready to announce a new
listing thanks to the community for an
insane support for insane support that
you’ve shown us keep an eye on E new
listing is coming next week so they were
up 23% in 24 hours making a big splash
you know third right above Bitcoin and
Below Pepe but uh yeah I mean this is
pretty big news um to see another big
listing
I am an investor in EC just to be clear
I’ve talked about it many times in the
channel if you haven’t already checked
them out they have a lot of people
paying attention to them I would go
watch them uh what they’re trying to do
is pretty cool with their gamified
liquidity solution let me know your
thoughts though underneath the video
again you can check out Marx if you want
to trade cryptocurrency again we’re
getting close to that support you might
want something like this set up so that
way you can take along when we do hit
support but let me know your thoughts
underneath the video video thank you so
much I appreciate it I’ll see you in the
next video bye

Try Margex to long or short crypto! NO KYC. Make a deposit THEN use code: MFF20 to get a 20% bonus on deposits, up to $10k to be used to cover up to 50% of fees for 2 weeks! 💰
https://margex.com/?rid=26303238

Sign up to Blofin now and level-up your trading with massive deposit and trading bonuses! With over 270 trading pairs and no KYC, Blofin is where whales are made 🐳 PLUS 20% FEE DISCOUNT WITH MY LINK!
https://blofin.com/register?referral_code=7uPCgR

CHECK OUT COINW! Spot or leverage trade with no KYC! CoinW is Dubai based and has been around since 2017! Start trading to get up a $30k bonus! (NEW BONUS OF $50 WHEN YOU DEPOSIT $100 OR MORE AND MAKE A FUTURES TRADE!) 🚨
https://bit.ly/My-Financial-Friend

You can also join our FREE trading group below! (Partnered with CoinW)
https://t.me/+-Tyr0_Uiu6kwYTc0

Get the best indicator on the market below! Right now it’s 20% off!

Home | My Financial Friend

USE BYDFI BELOW! Limited time offer! Deposit & trade to get a total of a $8698 USDT bonus! Trade Book Of Meme here!
https://www.bydfi.com/en/register?ru=kxzeKg

Do you need help with your crypto taxes? I have the thing for you! 👇 We manually comb through each wallet you send us, calculate gas fees, airdrops, rugpulls, profits and more to make sure you ACTUALLY calculate your taxes correctly. Many clients have SAVED money from this. Promo code: TAX2023 for 15% off!

Main Home Page – My Financial Friend

CHECK OUT HGAaccess!
https://www.patreon.com/HGAccess/posts

Try Helium Mobile to get unlimited Data for $20/month! Click the link below and signup using code MYFINANCIALFRIEND to be a free month for free. NO CONTRACT. T&C below.
https://www.hellohelium.com

Want to know exactly what I’m buying in stocks/crypto right when I buy? Get every buy/sell I make in real time and get updates on the market!
https://www.patreon.com/myfinancialfriend

Follow me on twitter!
Tweets by MyFinancialFri

Get early access to THE BEST portfolio tracker out there! I built this because I couldn’t get what I needed anywhere else as a crypto investor.
Pre-Register today.
https://bagtrackerai.com

I LOVE M1 Finance for investing and savings! Deposit on M1 Finance, grow your account, and we both get some bonus $!
https://m1.finance/StN8FiCJF7Eh

Get $30 off of TradingView!
https://www.tradingview.com/?aff_id=114569

Sign up for Seeking Alpha below and get 59% off your first year!
https://www.sahg6dtr.com/DD2WZS/R74QP/

Check Out My Second Channel!
https://www.youtube.com/channel/UCrXuLCYFr9o4_OHCLU0jWEg

Check me out on instagram!
https://www.instagram.com/myfinancialfriendofficial/

Paid advertisement. Data is unlimited but speeds may be slowed after 30GB usage per billing cycle. Additional taxes and fees apply. See terms and conditions
https://hellohelium.com/plan-terms-and-conditions

Please LIKE, COMMENT, and SUBSCRIBE for more!

Nothing I say is meant to be taken as legal, tax or investing advice. For entertainment purposes only. Some of the assets I talk about are assets I own. I’m not telling you to buy them.

#myfinancialfriend #crypto #stocks #bitcoin #ethereum #cardano #cryptocurrency #stockmarket #rich #tesla

Music: https://www.youtube.com/channel/UCOmy8wuTpC95lefU5d1dt2Q

Some of the links above are for affiliates. I may receive a commission for you signing up for the platform.

Therre are about 150 comments about some SPAM crypto. I spent 15 minutes deleting them already but they keep coming. PLEASE don’t fall for any of these comments.

For any business partnerships please reach out to the email below.
MyFinancialFriend23@Gmail.com