Depends on how the economy croaks, because if we are talking about hyperinflation killing the economy, most banks run an extreme risk of going under. Most banks don't sit on large amounts of hard assets, but there are exceptions like JP Morgan Chase.
If we are talking liquiditity crash or bubble pop, then we will definitely see a repeat of 2008, where small banks and hedge funds go bust, and the big players hoover up the resulting mess of assets and liabilities, at wholesale prices.
And as for comms blackout, the general theory goes that it will be a limited time event, in response to blackmail being leaked out, not the multi-month/year event that both a recession or hyperinflation usually are. Crypto might be a victim, but not an intended one.
Depends on how the economy croaks, because if we are talking about hyperinflation killing the economy, most banks run an extreme risk of going under. Most banks don't sit on large amounts of hard assets, but there are exceptions like JP Morgan Chase.
If we are talking liquiditity crash or bubble pop, then we will definitely see a repeat of 2008, where small banks and hedge funds go bust, and the big players hoover up the resulting mess of assets and liabilities, at wholesale prices.
And as for comms blackout, the general theory goes that it will be a limited time event, in response to blackmail being leaked out, not the multi-month/year event that both a recession or hyperinflation usually are. Crypto might be a victim, but not an intended one.