Musk shares 'massive incentive to move money out of bank accounts'

'Bank depositor flight will accelerate'

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Musk shares 'massive incentive to move money out of bank accounts' Tesla and Twitter CEO Elon Musk has shared a "massive incentive" to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. "As more people & companies realize this, bank depositor flight will accelerate to extreme levels, even for banks that are 'too big to fail,'" Musk warned. Read more Price Update Play exciting casino games with BTC, BCH & many other cryptocurrencies on BitSpinCasino - an amazing new space-themed casino sponsored by Bitcoin.com. Avail an exclusive welcome offer of up to 3 BTC for a limited time! Play Now In the news Dave Ramsey dismisses BRICS, yuan de-dollarization concerns Personal finance expert and best-selling author Dave Ramsey has dismissed de-dollarization concerns and the prospects of a BRICS currency, the Chinese yuan, or the Russian ruble displacing the U.S. dollar in international trade. "They don't have the muscle to take down the dollar," he stressed. Fed reveals 722 banks reported unrealized losses over 50% of capital The U.S. Federal Reserve has revealed that 722 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of 2022. "Rising interest rates are creating significant unrealized losses in investment securities and in some cases depressing tangible equity," according to the Fed's Division of Supervision and Regulation. Bitcoin network starts to clear congestion, onchain fees drop by 90% On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system.   However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees. The VERSE staking contest is here! Now's the chance to become a VERSE holder and stake for a chance to win $10,000. All stakers will also automatically earn VERSE rewards, so everyone's a winner! Learn More & Win @2023 Saint Bitts, LLC 858 Zenway Blvd, P.O. Box 1830, Frigate Bay, Saint Kitts and Nevis  This email was sent to yogyabiz.bitcoin@blogger.com. To unsubscribe or manage your subscriptions click here. Have feedback for us? Submit here.