Is social media speeding up bank runs?
‘The first Twitter-fuelled bank run’: how social media compounded SVB’s collapse
The speed at which Silicon Valley Bank collapsed has left experts questioning whether social media has opened up entirely new risks in the world of finance
If bank runs happen faster, it reduces the likelihood that you'll be able to react in time. Avoid being overly dependent on one financial institution and remember: bitcoin is open 24 hours a day.