Apollo Chief Economist: AI Agent may absorb a large amount of savings, leading to a bank run
Blockworks co-founder Jason Yanowitz shares the judgment of Apollo's chief economist: agents may trigger bank runs by aggregating household cash.
The chief economist stated that agents could transfer household cash from accounts with a national average interest rate of 0.1% to accounts paying 3% to 5%, causing banks to lose a significant portion of their cheap deposits.
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