BTC India
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Am I reading this correctly?! Lol! I know Bitcoin isn’t considered “crypto”, but still. This is a statement directly from EFE. “SVB’s primary customers were venture capital and start‑ups, so when this business declined over the past year, so did the bank’s deposit base. In addition, SVB’s balance sheet had heavy exposure to long‑term bonds, and that jeopardized its balance sheet when interest rates rose sharply. Meanwhile, Signature Bank’s ties to the crypto‑currency industry, which has been hit with business liquidations, spooked depositors and helped trigger a run on the bank.”
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View Reddit by Glass-Anxiety6574 – View Source
Adding “Crypto” to any negative article in finance circles is virtually a Government mandated thing now
So trying to conflate a TradFi banks collapse to it’s “Crypto exposure risk” rather than the fact it was leveraged to this hilt with it’s fractional reserve style banking – ultimately leading to an epic Govt margin call is nothing short of dishonest.
But hey ho, BTC doesn’t care…
Short term price movements shouldn’t spook anyone that has been around for more than 5 minutes
Come on guys. We need to understand that bitcoin is a new idea. It can be scary for some people. Like any bank run, the run on Signature Bank was 90% story 10% solvency. That means that you can make up just about any story and people will see it and take their money out.
Self custody cannot be bank run and if anyone wants to hack bitcoin he would have already done it.
Not your keys not your coins.
yes bitcoin is considered crypto by most people who know what bitcoin is. it is only a shrill minority here that like to play Stalin and rewrite history and the meaning of words.
I can see why they would think that crypto would be the reason but really its just causality thing. For instance, Blockbuster was amazing and a pioneer in its industry until digital streaming came along. Blockbuster could argue that digital streaming is the reason why their business died but in reality the lack of evolution and innovation is the reason why Blockbuster died. Its their own fault, not Netflix’s or Disney+’s. Fiat has its own problems that it never solved and when something better comes along, like bitcoin, its naturally going to overtake the money game. Who’s fault is it that traditional finance is failing? Bitcoin’s? No. Its the traditional finance’s fault for not solving their problems and for not adapting to the changing times.
Hello! Which of your examples was Bitcoin?
Bitcoin isn’t considered crypto? Lmao goto sleep.
not sure why you posted this here
SVB failed because they were too amateur to hedge their interest rate risk exposure