Bank Wars: 1st Republic, 1st Citizens, Silicon Valley, Bitcoin

As First Republic Bank continues to slide down the charts (still ongoing at the publishing of this idea), talks about another bank run happening is starting to resurface again. How valid is the claim that people will flee to crypto as things get worse in the banking system? (Especially with people like Balaji, that claims that Bitcoin will hit 1,000,000 by the end of June.) A closer look at some of the facts.

Balaji's 1M Bitcoin Thread:
twitter.com/balajis/status/1636827051419389952