Feds Just Gave “$300 Billion More Reasons” to Buy BTC, Says Winklevoss
- Gemini co-founder Cameron Winklevoss reacts to the latest news about Fed lending $300 billion to banks.
- Cameron stated that the Fed just gave everyone $300 billion more reasons to buy bitcoin.
- This news is a follow-up to the recent collapse of three of the largest banks.
Gemini co-founder Cameron Winklevoss reacts to the latest news about the Fed lending $300 billion to banks. Cameron stated that the Fed just gave everyone $300 billion more reasons to buy bitcoin.
The reaction from Cameron came after the news surfaced about the cash-strapped banks borrowing $300 billion from the Fed’s emergency funds. The report itself was shared by the central bank.
Approximately $143 billion, which is almost half of the total amount, was allocated to holding companies for two major banks that faced failure in the past week, namely Silicon Valley Bank and Signature Bank. This situation has resulted in widespread concern among financial markets.
However, the Federal Reserve did not disclose the identities of the other banks t…
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