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Bitcoin is doing exactly what it was designed to do!
#bitcoin #btc #dollar #dxy #banks #fomc #fed #si #sivb #sbny #cs
These are the times in history when we are supposed to see heroes rise to the occasion. With the trust in the U.S. dollar faltering a bit, lead by the failures of some major banks (Silicon, Silicon Valley, Signature, Credit Suisse), the time for Bitcoin to shine is now. And it has!
To some, the recent move up in Bitcoin came as a surprise. However, it shouldn't have been. This is what Bitcoin was designed for, to provide a hedge against the failures of large centralized institutions and the eventual inherent risk of holding the U.S. dollar. And it's doing exactly that remarkably well.
We should expect this type of response from Bitcoin again in the future as we continue to see cracks in the system laid bare!
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