Yes I tend to agree with you. CBDCs come in economic meltdown, not a bank run.

But restricting cash withdrawals in the short term will scare people, that’s just extra volatility in an already highly volatile environment.

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If they don’t have the reserves to meet withdrawals what choice do they have?

Yes agreed, I think that will happen too as it’s the only lever the government has to try and stabilise the situation, but there will be a situation to stabilise before they do that… so it’s going to be a clusterfuck of “good for bitcoin” 🤣

SVB has been contained - it's a crypto and VC bank.. Fed wants job losses. Let the job loses commence.