People are so shook thinking they will never get their money back blah blah blah.. the government literally prints new money every day... there will be PLENTY of paper money to ensure your savings. If you're that scared, just buy physical gold and silver.. but it's a manipulated metal. All of this hype is just to scare people, only idiots would run and pull their money out of a bank that's FDIC ensured.. bunch of idiots and clowns that don't know how money works. Sad. Stop giving into the propaganda.
If your money is in a bank that is FDIC insured, you're protected. If you have money in crypto.. you're fucked. There is zero FDIC insurance on crypto... it's the wild west.
FDIC only has 200 billion dollars in funds, but they're able to cover trillions of dollars (everyone's bank acct)? FDIC can just print money? Or is that the treasury? How does it work? I just want to know, not arguing or anything.
The FDIC is backed by the U.S. government; the U.S. Treasury and the Federal Reserve which is basically the printing-press that is capable of printing unlimited amounts of paper cash. That's why it's stupid to do any "bank runs" or be worried about it, all cash is literally digital anyways and if there needs to be cash the fed can just print as much as needed. As long as you bank with an FDIC insured bank or a money account that is FDIC insured you have nothing to worry about... even if a bank flops, that's why there's an FDIC in the first place and most likely why the government stopped making currency that is backed by gold. If you have cash in a bank, you'll have it until you spend it, it's yours.. but it's only a matter of time until that cash you hold is going to lose its value. I have a feeling they will market CBDC as backed by something of value, and will claim it's an "inflation killer" blah blah blah.
Crypto is THE WORST thing you can invest in, it is unregulated and thieves flock to crypto as the best thing to steal because it's literally the wild west. Crypto is not backed by FDIC, many people have been scammed out of their NFTs and crypto, it happens all the time. A crypto company you keep it in can go bankrupt and you're basically fucked.
Gold and silver are the safest bets, it's always in your possession, it will maintain its value and its accepted as money everywhere and has been accepted as money for thousands of years.
See, not your keys not your crypto, that's where your woke argument against crypto falls apart.
Only a fool doesn't have the keys to his crypto, and then, the whole fucking point of crypto is you don't need FDIC because it's impossible to do a bank run or print more crypto.
If you think crypto is the worst investment when Bitcoin has outperformed every asset in the world of the past 10 years you dont know crypto. You are correct that it is an emerging market and there have been some scammers but crypto and the blockchain networks they run on is the future