If SVB can collapse what’s saying Coinbase or Binance can’t? Neither is responsible for your assets if they file for bankruptcy yet those platforms still have hundreds of billions on them. How long until people learn?
Discussion
My experience is people almost never learn.
Coinbase will take years because thats the us government so they can just make shit up..
Binance, CZ is a beast to honest it will also take years because cz is a Trillionaire and those are hard to take down... he has back up for all his fuck ups..
Agreed but they will get complacent or lazy eventually. Alex/Celsius and SBF/FTX were major degenerates Coinbase and Binance are definitely more intelligent but they will fall apart eventually. They always do.
Depends if the US figures out how much collateral they use to hold themselves up. Ring leaders of a circus that they built from what the mid 2010s. Remember in december coinbase told everyone to collateralize in USDC and to ditch tether. Coinbase has a majority stake in USDC and helped circle start it. . . Sounds familiar like FTT and FTX to me
Exactly this is actually the sole reason I trusted USDC over Tether 2 years ago. That and all the crypto YouTubers said USDC was so much more safe. Really hope tether collapses soon so we can just get over these bullshit stable coins or should I say bearshit coins 🤣. Would suck if Tether collapsed in the middle of the next bull market.