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NYCB: why can the crypt wait for another wave of growth?

№ 0012Published Updated 1 min read

New York Community Bancorp is a new bankruptcy claimant in the banking sector. The problem is that NYCB bought out the assets of Signature Bank (well, you remember the first half of the year, when one after another banks in the United States were approaching a critical point, and USDC defaulted due to bankruptcy SVB), and also owns a huge amount of commercial real estate, which has been falling in value for a long time.

If the situation does turn towards the bankruptcy of the bank, crypto-currencies from around the world will start another debate about which fiat system is unreliable, and crypto is a stable asset. It was on these assertions that we jumped up slightly a year ago plus or minus at the same time. Distrust in the banking sector has shaped panic and brought attention to crypto.

True, the situation itself is slightly different from the one when the Fed pulled liquidity out of his pocket and poured into banks so that they did not collapse. At the moment, NYCB is specifically extinguished, since the real problems are not as critical as they are presented. Revenues of the bank itself, for example, grew, and stocks did not collapse so seriously, only -25% over the past six months (in crypto this happens in an hour).

In any case, it is worth paying attention to this situation, if bankruptcy occurs, then as dominoes can fall and other banks, then specifically $BTC can give a good impetus up.

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NYCB: why can the crypt wait for another wave of growth? | $uicideChain