🚨 HUGE: Apollo’s chief economist warns AI agents could trigger a BANK RUN simply by finding users a better return on their cash.
Torsten Slok says agents could automatically move money from checking accounts averaging 0.1% into accounts paying 3.3%–5.0%.
At mass adoption, that could strip banks of the cheap deposits they rely on to fund loans, putting the wider financial system under pressure.
The unsettling possibility is that agents wouldn’t need to communicate to move money in the same direction. Millions pursuing the same incentive could act together.
When everyone acts in their own best interest, the whole system can suffer.
$BTC $XRP $ONDO
Torsten Slok says agents could automatically move money from checking accounts averaging 0.1% into accounts paying 3.3%–5.0%.
At mass adoption, that could strip banks of the cheap deposits they rely on to fund loans, putting the wider financial system under pressure.
The unsettling possibility is that agents wouldn’t need to communicate to move money in the same direction. Millions pursuing the same incentive could act together.
When everyone acts in their own best interest, the whole system can suffer.
$BTC $XRP $ONDO
