Trader Urges Pulling Money From Banks and Putting It Into Gold and Bitcoin

Founder of trading platform Eight Michaël van de Poppe urged market participants to ‘take’ money out of banks and invest it in hard assets such as gold, silver, bitcoin and other cryptocurrencies.

Get your money from banks and buy hard assets like Gold & Silver. Buy #Bitcoin and #Crypto and wait.

A bank isn’t a bank, you’re lending your money to them so they can take excessive risks.

Adapt.

The decade of Crypto and Commodities.

— Michaël van de Poppe (@CryptoMichNL) May 4, 2023

“A bank is not a bank. You lend your money so that they can take excessive risks,” the analyst noted.

According to him, one should adapt to the ‘decade of cryptocurrencies and commodities’.

In another tweet, Poppe emphasised that digital gold demonstrates strength during a banking crisis. The reason for the latter lies in a liquidity crunch, from which ‘Bitcoin will only get bigger’, the expert believes.

Earlier, amid PacWest Bank troubles, the first cryptocurrency surpassed the $29,000 mark.