Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is produced and distributed by CoinDesk.

What's going on, guys?

It is Sunday, March 19th, and that means it's time for Long Read Sunday.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe

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breakdown pod. All right. Well, when the storybooks are written, I think it's pretty clear that these last few weeks will have been a seminal moment in our discourse about banks and Bitcoin.

And so today for Long Read Sunday, I'm going to read three different pieces that all have

a little part of that story.

And we're going to start with one that comes directly on the nose of it, should I keep my

money in Bitcoin or a bank?

It's my Coin desk writer Daniel Kuhn.

Daniel writes, three banks have failed in less than a week.

U.S. government officials have stepped up to backstop losses in a bid

to prevent further panic. There are genuine concerns about whether that was the right move,

effectively bailing out two poorly run institutions facing highly irregular problems and letting the

third collapse, as well as the risk that more banks will fail. So should you take your money out of

your bank and keep it safe under the mattress or in Bitcoin? The answer is, if you're anything like me, whatever money you have in a checking account is insured by the Federal Deposit Insurance Corporation up to 250,000.

So, no, it's improbable that J.P. Morgan Chase will rug you.

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