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The trader urged to “take away” money from banks and invest it in gold and bitcoin

by Vaibhav
May 8, 2023
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Michael van de Poppe, founder of the Eight trading platform, urged market participants to “take” money from banks and invest it in hard assets like 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 risk, ”said the analyst.

According to him, you need to adapt to the “decade of cryptocurrencies and commodities.”

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In another tweet by Poppa emphasizedthat digital gold is showing strength during the banking crisis. The reason for the latter lies in the liquidity crisis, from which “Bitcoin will only get bigger,” the expert believes.

Earlier, amid the problems of the PacWest bank, the first cryptocurrency crossed the $29,000 mark.

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