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Bitcoin: Take your profits
We have always said that violence and technology do not mix. Bitcoin’s safe-haven status is likely to come into play in a context of geopolitical tensions, de-dollarisation and bond crises. But the risk of a run on cryptocurrencies in this context has been well anticipated and is prompting action from the major players, starting with the United States[1] (but also the EU[2] , which is legislating against cryptos, not to mention the bankruptcies of trading platforms (Bittrex for example, directly attributable to an intervention by the SEC[3]) or banks specialising in crypto (SVB, Signature, Silver,… of course[4]) or Credit Suisse which had just signed a contract with the digital assets platform Taurus[5] when it went bankrupt.[6]
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