US bank deposits are expected to fall below $17 trillion for the first time in over two years, according to Genevieve Roch-Decter, CFA. This could be due to recent bank failures, inflation, growing mistrust, and recession. The rise in interest rates has also impacted bank deposits, leading people to seek alternative investment opportunities such as cryptocurrencies. Bitcoin, in particular, has been considered as a potential hedge against inflation due to its limited supply and decentralized nature, although it is also viewed as a highly speculative and risky investment.
All Comments