Michael van de Poppe: Get your money out of the banks

Michael van de Poppe, founder of the Eight trading platform, urged market participants to “take” money from banks and invest it in hard assets like gold, silver, bitcoin and other cryptocurrencies.

“A bank is not a bank. You lend your money so that they can take excessive risks, ”said the analyst.

According to him, you need to adapt to the “decade of cryptocurrencies and commodities.”

In another tweet by Poppa emphasizedthat digital gold is showing strength during the banking crisis. The reason for the latter lies in the liquidity crisis, from which “Bitcoin will only get bigger,” the expert believes.

Earlier, amid the problems of the PacWest bank, the first cryptocurrency crossed the $29,000 mark.

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