Another Giant fell, this time it wasn't a US bank or a "Cryptocurrency Bank".
Credit Suisse lost after a long fight for liquidity. This event could have caused a terrible outcome if the Switzerland government didn't react on time.
Credit Suisse is one of the largest European Banks, and on March 19, it was sold to its long-time competitor UBS for 3.2 billion dollars.
The list of failing banks in 2023 is still increasing, which may indicate an incoming worldwide recession.
Is Bitcoin gonna win this fight and what is the future of the financial world? Is DeFi superior to TradFi?
Stay tuned for updates!
What are your thoughts? Share them with me in the comments.
None of the information in this article should be considered financial advice, it's my analysis and facts I wanted to share with this wonderful community.
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https://rollercoin.com/?r=krvgp5v6
Addresses:
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addr1qxsktm5j0yusx00gg9735lrn7ada94n63dvy9g76nn5phms68c08evhlqngru7785nlh6qc20ll700v4pqtqktet3wkqwy07f5 - Cardano
TJevzMtsW7dwNM8amm9JE4fM4digjaegHy - Tron
1ApF4AYaQQthAQ4qMJftx3A3WaY4MfBVML - Bitcoin and Bitcoin Cash
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