2min chapter

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Basics_02: Monetary History & The Rise of Bitcoin

Blue Collar Bitcoin

CHAPTER

FDIC Insurance

When it comes to bank runs, at least when it comes to dollars, we've got FDIC insurance. In terms of their reserves for backing the $9 trillion of custom deposits,. they have $125 billion, which is 1.3%. So to see a major bank run, it's not going to go very far.

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