Wilshire Phoenix CEO: The current demand for U.S. citizens to withdraw cash or stimulate the development of the crypto industry

The Federal Deposit Insurance Corporation (FDIC) recently released a video urging the public not to rush to the bank to withdraw cash. FDIC Chairman Jelena McWilliams said in a video on Twitter: "Your money is safe at the bank … The last thing you should do is to take the money out of the bank and think it will be more Safe. "Bill Herrmann, CEO of Wilshire Phoenix, said in an email on April 6:" When I first watched this video, I thought it was SNL ("Saturday Night Live") or "Onion The newspaper ’s video is really ridiculous. ”In addition, Herrmann emphasized Bitcoin in particular. He believes that this situation may stimulate the development of the crypto industry:“ I believe that these facts may be decentralized alternative assets Fuel growth. "