Bitcoin vs. U.S. banks — the Q1 2023 winner is clear.
The rise of Bitcoin in the face of a growing U.S. banking crisis is similar to how it reacted during banking collapses in Cyprus and Greece.in 2013, prompted by the exposure of Cypriot banks to overleveraged regional real-estate companies.The situation was so dire that Cyprus authorities, in March 2013, closed all banks to avoid a bank run.and imposed capital controls on citizens to avoid a bank run, Bitcoin's price gained 150% during the period.
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