Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


As US Banking Crisis Wildfire Spreads, Swedbank Strategist Sounds Alarm Predicting ‘Vicious Spiral’ With More Bank Failures Ahead


Support free writers: > send a tip

written by

Pär Magnusson, a strategist based at Swedbank in Stockholm, has raised alarm about the rapid spread of the banking crisis in the United States. He stressed that after several bank failures, other banks such as PacWest Bank, Western Alliance Bank, and First Horizon may all be “subject to financial meltdowns.”

In his statement, he emphasized the growing concerns surrounding the situation, highlighting the need for immediate attention and action.

In a significant development, regulators seized First Republic Bank recently and subsequently sold a majority of its assets to JPMorgan Chase. This event marked one of the most substantial bank failures in the United States since 2008.

Before this, Silicon Valley Bank and Signature Bank had already experienced collapses in March. The aftermath of the seizure of First Republic Bank had a notable impact on the market, leading to a sharp decline in the shares of various banks, such as PacWest and Western Alliance Bank.

Magnusson commented on the situation, noting the irony that regional U.S. banks had advocated for reduced regulations during the Trump administration. However, he pointed out that this very reduction in regulations has left them susceptible to the risks associated with bank runs.

He expressed his growing concerns further: “The U.S. regional bank crisis is spreading. With every bank that succumbs to shrinking deposits and/or market distrust, the probability of more banks falling victim to similar fates grows. A vicious spiral may be about to take hold.”

Despite the occurrence of numerous bank failures, Federal Reserve Chairman Jerome Powell reassured that the U.S. banking system remains “sound and resilient” as interest rates were raised by 25 basis points this month.

However, it is worth noting that the Federal Reserve disclosed a concerning figure, revealing that in the third quarter of 2022, 722 banks reported unrealized losses surpassing 50% of their capital.

Enjoyed the article?

100% of your tips go directly to [email protected]
Need a wallet? Get it here

⚡️ Tip The Author

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter