usdc update:
it looks like svb will not be bailed out.
it will lead to contagion. other banks will fall.
usdc could survive unscathed. it trades now at 0.95
the market is 95% certain that usdc will make it. if you followed my notes, i sold all of my usdc holdings friday at 1:1
what would i do with it now? i would buy bitcoin or monero with it. there is no other place to hide..
it was announced that customers of svb will be refunded by fdic maximal 250.000 usd. they intend to kill the onramp.
the situation is liquid. the banksters will change their tune several times today and tomorrow. many banks are at the brink of collapse.
a billionare came out recommending to corporate officers to buy bitcoin in order to be able to pay their payroll
monday will be interesting