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Bitcoin and gold more attractive as FDIC reveals 63 banks at risk of collapse

From kitco.com

Investors in the U.S. have started to seriously reassess their perspectives on Bitcoin (BTC) and gold after the quarterly report from the Federal Deposit Insurance Corporation (FDIC) showed that at least 63 banks were on the brink of insolvency in the first quarter of 2024, up from 52 banks on the “Problem Bank List” during the third quarter of 2023. “The number of banks on the Problem Bank List, those with a CAMELS composite rating of ‘4’ or ‘5,’ increased from 52 in fourth quarter 2023 to 63 in first quarter 2024,” the FDIC said. “The number of problem banks represented 1.4 percent of total banks, which was within ... (full story)

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