The closure of mid-sized regional banks and their acquisition by larger institutions is a growing trend that warrants attention.Our Goddess of Crypto, Halle Eavelyn, delve into this issue, shedding light on the lack of oversight and scrutiny given to banking matters. Today She explore the potential dangers posed by the existing financial system, especially as money becomes increasingly digitized. She underscores the significance of financial education and empowerment, particularly for women, in cryptocurrency. It covers investing in cryptocurrency, self-custody, and deposit insurance limitations. Halle Eavelyn aim to navigate banking’s changing face and equip ourselves with the knowledge needed to make informed financial decisions

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Welcome to another blog where I’ll be exploring the exciting banking industry. I’m a crypto enthusiast, but I’ve been doing extensive research on the banking world. Trust me, the things I’ve found will surprise you. So Let’s dive in together!

Recently, three mid-sized regional banks were acquired by larger banks like JP Morgan Chase. As a customer of JP Morgan Chase, I’ve had a great experience with them. They recently acquired First Republic, one of the banks that closed its doors. What’s really interesting is the story of Silicon Valley Bank, the go-to banking option for entrepreneurs and innovators.

Silicon Valley Bank was a hub for visionary minds seeking venture capital, but it unexpectedly met its demise. The FDIC stepped in and guaranteed all deposits, surpassing the usual limit of $250,000. This should be a wake-up call for small business owners like us to pay closer attention to the warning signs when entrusting our money to banks.

Why aren’t we paying attention to the intricacies of the banking world? because we’re bombarded with distractions and caught up in everyday demands. We expect regulators to keep a watchful eye on the industry, but they haven’t done a great job, thanks to the rollback of oversight requirements during the Trump era.

Larger banks are absorbing smaller ones, leaving us with limited choices and transparency. The bigger issue is the transformation of money itself. Traditional cash has shifted into digital numbers on computer ledgers, increasing the risk of even bigger banks toppling. Other countries like Lebanon, Cyprus, and Central American nations have experienced severe problems with their banking systems.

As Ernest Hemingway said, “How did you go bankrupt?” “Slowly at first, then suddenly.” We’re in the slow phase of a financial tsunami, but make no mistake—the time to take notice is now.

Amidst these unsettling times, I urge you to become informed and take control of your finances. Women have the power to understand the financial world and safeguard our money. These banking upheavals are indicators of what the future holds for our country. We cannot dismiss the possibility of a similar crisis occurring in our backyard. History has shown us that it can happen anywhere and affect all of us.

In this blog, I’ll also want to draw your attention to the limited insurance coverage provided by banks, the importance of financial education, and alternative avenues like cryptocurrency to safeguard our wealth.

The Insurance Gap

Imagine having a personal and business checking account at the same bank, each holding a substantial amount of money. Your business account has $251,000 and your personal account has $10,000. Only $250,000 is insured by the bank, leaving the excess amount uninsured. Whether it’s the additional thousand dollars in your business account or the $10,000 in your personal account, they are both at risk. This lack of separation between business and personal funds is a crucial detail that many people are unaware of, highlighting the need for further investigation and proactive measures.

Spreading Your Risk

To mitigate risks, distribute your funds across multiple banks. Even large banks like Chase, Citi Bank, or Bank of America aren’t immune to financial crises. Examine the insurance limits provided by each institution. Credit unions may have different insurance regulations, and it’s essential to understand the protection they offer.



Questioning Trust

Our society often has blind faith in financial institutions, assuming that our money is in safe hands. However, history has shown us that this trust can lead to unexpected consequences. Banks have failed, leaving depositors without any recourse. It’s crucial to question the safety of our funds and take a more active role in securing our financial future.

Taking Control of Your Wealth

We can’t overlook the potential impact of bank failures or new financial regulations. The gradual erosion of financial stability can manifest suddenly. Educate ourselves about money management and explore alternative avenues to protect our wealth. Cryptocurrency, particularly Bitcoin, presents an intriguing option due to its decentralized nature and limited correlation with traditional fiat currency. Getting educated about cryptocurrency is key, regardless of whether you choose to invest in it or not.


Navigating the Waves

The crypto market experiences cycles of ups and downs. By being part of the early stage, we can position ourselves advantageously. Real estate has shown long-term growth despite periodic crashes. Similarly, the crypto market holds promise for those who take the time to understand it. The present “crypto winter” phase provides an opportunity to gain knowledge and make informed decisions, safeguarding our financial well-being.

Beware of Scams

As we delve into cryptocurrencies, it’s vital to protect ourselves from scams. Crypto empowers individuals with self-custody, but it also places the onus on us to exercise caution. Beware of anyone promising great returns or asking you to hand over your crypto. Education is crucial to understanding how to secure your assets and prevent falling victim to scams.



Preparing for the Future

Bank failures are not a thing of the past. It’s crucial to remain aware of the ever-present risk and brace ourselves for potential economic turbulence. By sharing this information, we empower women to protect themselves and their families. Education is the key to safeguarding our wealth and being prepared for whatever lies ahead.


In a world where trust in financial institutions can be misplaced, it’s time to take control of our financial destinies. The limitations of bank insurance coverage demand our attention, urging us to explore alternative avenues like cryptocurrency and expand our financial knowledge. By getting educated, questioning assumptions, and taking proactive steps to protect our wealth, we can secure a brighter financial future. 


Wealth isn’t just a privilege; it’s our right