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![image.png](https://images.hive.blog/DQmfHiRowo3GK3wcf6NygCdLCxV3Ag2VMyTsj7sPN6Vsj1p/image.png)
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Bank failures are often evidence of a weakening economy, but they can also be the product of embezzlement, business decisions or failed investments and projects.

In any of these cases, it becomes evident that the economy of a nation is weakening and provisions must be made to correct the flaws in the economy, whatever the origin.

In this regard, the situation in the United States, where some banks have been forced to close operations and admit the collapse of their businesses, is already known by many.

I honestly do not know what is happening in the United States, what is certain is that when this happens many citizens lose their funds entrusted to a group of entrepreneurs who, in addition to working with those funds to finance their own projects and those of other people, end up defrauding the people who entrust them with their funds.

For these reasons cryptocurrencies based on Bockchain technology are created, seeking to replace or become a better alternative to the traditional economic system due to its decentralized nature and the possibility for people to have full control of their own funds.

Even though Blockchain technology in my opinion is still the best alternative to the traditional economy, we cannot lose sight of facts such as the bankruptcy of some exchanges and crypto projects where many people have lost money. Although cryptocurrencies still have a long way to go, I think they are getting stronger towards the future and the bankruptcy of traditional banks positions them as the best exchange alternative.

In any case, people will continue to look for ways to invest and make their funds yield, companies that can safeguard their capital in a safe way, but also fraudsters will continue to proliferate, predators who seek to steal other people's funds through deception.

Let me know what you think!

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