Banking Crisis Escalates: $10 Trillion at Risk, Bitcoin is your insurance - Greg Foss

Greg Foss, Bitcoin Strategist and Executive Director at Validus Power Corp, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to analyze the impact of the ongoing banking crisis on gold and Bitcoin. Foss challenges Powell's claim of a 'sound and resilient' banking system, predicting more bank failures and a potential $10 trillion wipeout. He also highlights the looming U.S. public debt crisis, forecasting a surge in Bitcoin's value as the American economy falters. Discover the latest insights on the interplay between the banking crisis, precious metals, and cryptocurrency.

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0:00 - Banking crisis
15:32 - Bailouts and bail-ins
22:24 - Soft landing
25:46 - U.S. debt and fiat debasement
27:18 - Quantitative easing
30:31 - Bitcoin as insurance
48:00 - Bitcoin price
48:45 - Portfolio allocation

#bitcoin #inflation #banking
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