The Video Banks Don't Want You To See

True. But: block-fi, Celsius, ftx and luna also happened. So what is the point. Nothing is safe anymore 😕

That was true a decade ago. They changed the rules. They now have zero reserves and hold no cash. If you need ten grand, you'll have to make an appointment

Where the other 90%

the same is true with exchanges. controlling your own wallet is no different then holding casg

Just spen it in a commodity and sell it if need be for cash .

What's worse, the FDIC insurance that only covers $250k... covers the bank, not the consumer.

It's for this reason alone, I don't keep any of my money in a bank, it's all tied up in investments

It is not 10%. It is 3%.