In his new book, "How Countries Go Broke" Ray Dalio states t

In his new book, "How Countries Go Broke" Ray Dalio states the core function of banks is to "match lenders and borrowers, earning a spread".
I will add: 
"That function is being completely replaced by Bitcoin and DeFi."
Banks are obsolete. 🧵

#BTC

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}In his new book, "How Countries Go Broke" Ray Dalio states the core function of banks is to "match lenders and borrowers, earning a spread".

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In his new book, "How Countries Go Broke" Ray Dalio states the core function of banks is to "match lenders and borrowers, earning a spread".