"With Silicon Valley Bank going under in the blink of an eye, panic is setting in for the venture capital and tech world. Circle announces exposure to the bank and the USDC peg fights to stay at $1"

When will people realize that 'stable'coins are anything but stable? In addition to the regular risks with storing your fiat at a bank, you also run the risk of mismanagement by the stablecoin issuer and quite often there is no transparency whatsoever in where your collateral is actually stored or if it is even there?

Hold #bitcoin or #fiat, don't fall for the countless scams, unregulated securities, fake DeFi nonsense, sham audits or faked proof of reserve.

#notyourkeys #notyourcoins #bitcoinonly