fiat mental gymnastics : backstop, special purpose vehicle, TARP like, insuring the uninsured deposits…blah blah blah bail outs
I haven’t posted or liked anything but I did lurk on it to follow SVB collapse
a 10X will guarantee that Bitcoin will be the next WRC.
Step 1 : raise interest rates for the regional banks go under
Step 2 : let the bankrupt regionals be acquired by top 4 banks
Step 3 : develop CBDC rails under the hood, push them through top 4 banks 🏦
they know people will never voluntarily accept a FED issued CBDC so they will take this indirect route
Also, FED was formed by top 4 banks 🏦
my dumb theory on how this may play out.
World reserve currency periods:
- Portugal (1450–1530)
- Spain (1530–1640)
- Netherlands (1640–1720)
- France (1720–1815)
- Great Britain (1815–1920)
- United States (1921-2025)
- Bitcoin (2025 - TBD)
I’d say at least half of all Silicon Valley VC psychedelic start ups are impacted by this.
11/15 Ycombinator startups use SVB and I think the trend probably holds for other VC firms funding psychedelic startups in Bay Area

