The global sector is striving to move past the 2023 crisis that posed a significant economic threat. Despite indications that this crisis has subsided following regulatory intervention, various experts are cautioning that renewed concerns are warranted, pointing to the potential for a fresh collapse in the sector. In this case, macroeconomics expert George Gammon, in an with published on November 17, pointed out that the measures taken to contain the 2023 crisis could indicate when the next might occur. According to the expert, the subsequent banking sector collapse could happen in March 2024. His warning stems from a retrospective analysis of March 2023 that involved the of institutions such as Silicon Valley Bank (SVB), First Republic, and Signature Bank, which were partly rescued through the Bank Term Funding Program (BTFP). Gammon emphasized that the Fed’s temporary intervention is set to end on March 11, 2024, and the initiative is witnessing increased utilization compared to the peak of the crisis in March 2023, indicating ongoing and heightened risks within the system. As the utilization of the BTFP continues to rise, Gammon urged vigilance and a comprehensive assessment of potential consequences beyond the temporary Fed program, urging stakeholders to brace for potential banking sector challenges in the coming months. However, he pointed out that a banking system collapse could be averted if step in and take necessary measures, noting that there is room for the extension of the BTFP, but it’s not a guarantee. Possible CBDC implementation At the same time, he pointed out that the banking crisis could prompt the Federal Reserve to introduce a central bank digital currency ( ) with its potential for a recession and broader implications. In this scenario, the consolidation of all banks, possibly under a significant entity like (NYSE: ), would result in concentrated ownership of the Fed. Recognizing the Fed as a private corporation with its shareholders being the banks in its network, Gammon suggested a potential consolidation strategy. If only one bank remains, it effectively owns the Fed. The Fed’s incentive lies in ceasing existing funding programs, causing multiple bank collapses, and streamlining the banking sector. This process brings the CBDC implementation closer. The expert noted this isn’t a definitive prediction but a potential scenario, emphasizing the intricate factors influencing the Fed’s decisions on the banking crisis and CBDC introduction.