Max Keiser, an influential figure in the crypto community and a Bitcoin supporter, recently commented on the recent collapse of one of the US banks, First Republican Bank. Its assets were acquired by JP Morgan banking giant and the same fate awaited other large US banks such as Signature Bank, Silicon Valley Bank and Silvergate Bank before them.

Keiser stated that the world of fiat money is currently disintegrating, with all its current currency against Bitcoin going to zero and all American banks, along with the US Federal Reserve, being technically insolvent. He warned followers of a potential ‘Building 7 of Countries' scenario, recommending that they “get some BTC asap”.

Michael van de Poppe, a crypto analyst, also commented on the situation and believes that in this case it is a bullish signal for Bitcoin. After trying, and failing, to break the $29,200 price level, BTC is stuck between the price range of $28,300 and $29,150. If the $29,200 figure is broken, van de Poppe believes that it may trigger a new peak in Bitcoin's value.

Both Keiser and Van de Poppe are not alone in their opinion as more analysts have voiced their belief that this so-called 'bank failure' will ultimately be positive for Bitcoin. Be it fiat being replaced, otherwise being devalued or Bitcoin becoming a safe-haven asset, the goal appears to be the same – to promote Bitcoin's relevance and importance in the world of finance.



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