Bank run at Silicon Valley Bank, and USDC now depegging
Having bitcoin in cold storage makes it easier to sleep on nights like these 😴
Discussion
It's been fascinating to watch though. Scary macro, but fascinating. I have a feeling next week is going to be wild with the CPI print.
I think Bitcoin is tied to other money somewhat. People use other money to buy it after all. But of course it can't be printed.
Waiting till Bitcoin goes down enough before I switch my DAI stablecoins to it. Swapped BTC to DAI when it was higher. But I really don't have that much money in cryptocurrency. Exchanges can shut down, and I use an exchange for it.
