As if the shenanigans in Cyprus weren’t enough to freak everybody out (“Deposits of €100,000 or less would be subject to a 6.75 percent levy, and any deposits greater than that could be taxed at a rate of 9.9 percent”) but now this:
“Millions of Chase Bank customers were affected by an unfortunately timed glitch which resulted in their checking and savings accounts showing a zero balance for several hours yesterday, prompting many to take to Twitter and express panic that their money had been stolen.”
Yes… all in one week!
If that’s not enough to make you question whether digital assets are real or not… I don’t know what will. As more of these kind of stories become common place, I can easily see physical assets (precious metals, real estate, collectibles, etc…) becoming more popular among investors. I predict that after the next flash crash you’ll see a rush into such physical assets. Might be wise to get ahead of the game, now… although that would require a tremendous amount of both courage and conviction at this point in time.