Banks Were Bailed Out and Bitcoin Price Shot Up! - Unity Block Short Video #3

The CEO of Strike, Jack Maller, tweeted about the recent bank bailout and highlighted the importance of Bitcoin's network. The Treasury Department, Federal Reserve, and FDIC have announced that they will protect Silicon Valley Bank clients and prevent bank runs, but this is just a temporary solution to a long-standing problem in the banking industry. Bank bailouts are usually funded by taxpayers' money and that Bitcoin was created in response to the 2008 financial crisis and its massive bank bailouts. As more bank bailouts occur, it becomes increasingly evident that there is a need for an alternative financial system that is not subject to the same risks as the traditional banking system. Maller encourages people to choose Bitcoin over banks and to "don't trust, verify."