Treasuries Are Toxic (Patreon)

In simple terms, banks are in trouble because they invested in what was supposed to be the safest thing (Treasuries), but due to changes in interest rates, these "safe" investments lost a lot of value, making the banks' financial situation risky.

As Balaji says, Banks are failing because they bought Treasuries. Full stop. The "safest asset in the world" is the now the riskiest most toxic asset in the world.

And yeah Bitcoin may be volatile but you are far better off.