Bank Diramal Will Experience Crisis Again, Crypto Ready To Fly?

JAKARTA - The chairman of the US Federal Deposit Insurance Corporation (FDIC), Martin Gruenberg, has issued a serious warning regarding potential risks that could shake the US banking industry.

Gruenberg menyatakan bahwa risiko penurunan dari inflasi dan suku bunga yang tinggi bisa memiliki dampak besar pada profitability dan kualitas kredit di sektor ini.

This concern arose after the events in March 2023, when the price of Bitcoin spiked sharply. The spike occurred because of the uncertainty that hit Silicon Valley Bank (SVB), creating a wave of panic in the financial market.

Gruenberg warned that the US banking sector is still not fully recovering from the impact of the chaos. As SVB and Signature Bank experience instability, account holders rushed to withdraw their funds, increasing risks to the banking industry.

Meanwhile, the crypto market is benefiting from the situation, with Bitcoin prices continuing to rise. Investors prefer risk assets like Bitcoin rather than investing in volatile financial markets. This led to a decrease in bank deposits over five consecutive quarters, which had an impact on bank profitability as they tried to attract customers looking for higher returns.

With growing uncertainty in the commercial real sector, the risk of a banking crisis is still weighing on the US banking sector, and Gruenberg insists that the situation could worsen ahead of the fourth quarter.

In this context, some analysts see attractive buying opportunities for Bitcoin at current prices, considering it a potential alternative in the face of potential economic uncertainty.