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Joe Burnett highlights that the sixth U.S. bank failure has occurred in 2026.
He points out that Basel regulations assign Bitcoin a 1,250% risk weight, which effectively blocks banks from holding the cryptocurrency at scale. Burnett suggests that allowing banks to hold Bitcoin might help reduce the number of bank failures.
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Burnett has previously analyzed vulnerabilities in the digital asset space. He discussed Anthropic’s Project Glasswing using AI to identify weaknesses in Bitcoin-related software such as Coldcard in a recent article (link). In another report, Burnett noted that a $1,864 sell order could crash the price of BTCB2 to zero after its recent hard fork (link).