The recent decline in New York Community Bancorp’s (NYCB) stock price can be traced back to several factors including a drop in profits, loan losses, and regulatory pressure. As CEO Thomas Cangemi stated, “It’s a secular change in the use of downtown real estate.” Despite these challenges, Bitcoin continues to rise in value, demonstrating its resilience against traditional monetary systems. In the ever-changing landscape of traditional finance, the latest headlines surrounding New York Community Bancorp (NYCB) serve as a stark reminder of the fragility inherent in our current financial system.…
The Crumbling Fiat Empire: A Tale of NYCB and Bitcoin
