The SVB collapse is just another shitcoin rug pull. It's a perfect example of how Bitcoin will consume all. My reasoning below.

During the 2021 and 2022 bitcoin bull run, money was flowing into SVB like a river. The typical human response is to believe it will never stop coming in, so they put their reserves into riskier assets, blah blah blah, you all know that story.

What they didn't count on was that Bitcoin bear markets are for building. Building consumes capital and resources. When the inflow stopped and the outflow increased, all the guys at the top pulled their money out.

The difference between the LUNA rug and the SVB rug is, one of them gets to socialize the loss and keep operating.