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Bitcoin as the Largest Support on the Chart in Early Stage of US Bank Run

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It is reported that Charles Edwards, founder of the digital asset quantification fund Capriole Investments, said on social media that Bitcoin is the largest sup

Bitcoin as the Largest Support on the Chart in Early Stage of US Bank Run

It is reported that Charles Edwards, founder of the digital asset quantification fund Capriole Investments, said on social media that Bitcoin is the largest support on the chart, and we are in the early stage of the bank run of the United States. Isn’t that ironic? At the same time, the most reliable stable currency is facing a crisis of trust. The United States needs to step in quickly to eliminate this situation, otherwise it may be too good for the special currency. Remember the words engraved on the first Bitcoin block in 2009? This is the purpose of Bitcoin’s birth.

Charles Edwards: We are in the early stage of a run on the Bank of America

Analysis based on this information:


The founder of the digital asset quantification fund Capriole Investments, Charles Edwards, recently expressed his opinion on social media that Bitcoin is the largest support on the chart and that we are in the early stage of a bank run in the United States. He also pointed out the irony that the most reliable stable currency is facing a crisis of trust. Edwards believes that the United States needs to act quickly to eliminate this situation, otherwise it may be too good for special currency.

The message seems to suggest that there is an upcoming crisis in the United States that could lead to a bank run. A bank run is a situation where people rush to withdraw their money from the banks, leading to the collapse of the banking system. Edwards believes that Bitcoin is positioned as the largest support on the chart, which means that people’s trust in it will increase during times of financial instability.

In addition, Edwards highlighted the irony that the most reliable stable currency is facing a crisis of trust. This could refer to the US dollar, which has historically been seen as a stable currency. However, recent economic uncertainties have led to increasing doubts about the future stability of the dollar.

The message also implies a sense of urgency to act quickly to eliminate the current situation, suggesting that the United States needs to take action to prevent the situation from worsening. Edwards warns that it may be too good for special currency, implying that alternative currencies such as Bitcoin may benefit from the current crisis.

Finally, Edwards refers to the words engraved on the first Bitcoin block in 2009, which states: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” This was a reference to the financial crisis of 2008 and the bailouts of major banks. Edwards suggests that this message was the purpose of Bitcoin’s birth, to provide an alternative to the traditional financial system and prevent such crises from happening again.

In summary, the message suggests that Bitcoin is in a strong position during times of financial instability, and the United States needs to act quickly to prevent a potential bank run. Keywords that stand out in the message include Bitcoin, Capriole Investments, United States, bank run, and stable currency.

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