Trust In Bitcoin Strengthens Amid US Banking Crisis

The collapse of a number of banks in the US strengthens investor confidence in Bitcoin. (Photo; Doc. Coin Turk)

JAKARTA The collapse of a number of banks in the US some time ago showed that the United States' financial system was not doing well. This actually strengthens the position of Bitcoin among investors.

According to investment expert and founder of Lyn Alden Investment Strategy, Lyn Alden, it is stated that people are starting to understand Bitcoin's unique preposition in the midst of the collapse of a US regional bank.

The statement was made by Alden in the MicroStrategy World Panel Session. Alden highlighted the risks overshadowing banks that many people don't realize.

"I think people just accept what most of the world doesn't accept, namely that banks are at risk, that there is a risk there, especially if you are above certain insurance limits," said Alden.

Basically, you borrow money from banks to invest in multiple assets, and most of us don't take the time to learn the bank assets we operate on. Many of them are not open to the public, so we can't even do it if we want it," he added.

Alden menjelaskan bahwa krisis perbankan baru-baru ini telah membuka mata banyak investor terkait nilai Bitcoin. Dia mengungkapkan beberapa sifat fundamental Bitcoin sehingga dapat menjadi tempat untuk menyimpan kekayaan orang-orang.

"So we see firsthand some of the risks that usually occur around the world and the Bitcoin narrative and basically being able to store your own assets, have indisbursable assets, have assets that are not someone else's obligations, I think will come to the fore. This narrative is clearly reinforced by some of these problems," Alden was quoted as saying by DailyHodl.

At the time of writing, Bitcoin is trading at IDR 402 million per BTC. BTC prices rose 0.3 percent in the past hour. While in 24 hours Bitcoin fell 0.9 percent.