First we had Bitcoin compared to the banks and other companies. Then Ethereum. And now BNB.
At what point will these comparisons be seneseless?
https://cointelegraph.com/news/binance-coin-bnb-market-cap-passes-santander-and-ubs-what-s-next
Posted Using LeoFinance Beta
I am not surprised since the old banks are not as appealing. I think its mainly to surprise the normal average person.
Posted Using LeoFinance Beta
Long term might be good to short the banks. They will be dying.
Crypto is only going to tkae more share away from them as the industry is built out.
Posted Using LeoFinance Beta
Well the financials in the stock market are looking fairly good but in the new few weeks (bank earnings), the odds are in your favor to short the banks. They haven't said anything about the entire Archegos debacle so I think it will have to shown in the earnings report.
Posted Using LeoFinance Beta
I twill be interesting to see how far and wide that thing spread.
I expect we will see Congressional hearings about that before all is said and done.
Posted Using LeoFinance Beta
Yea but I think it was Goldman, Morgan Stanley and JP Morgan who out of the doors first with a slight loss or no loss at all. Some of them even offloaded their shares to their competitors overnight without telling them about the problem. We all know what happens to the people late to exiting.
Posted Using LeoFinance Beta