Maybe we should just bypass banks and bank with the Fed…
People should be panicking buying bitcoin, not panicking picking a new bank.
Learn a new term: Duration Bubble
Buy Bitcoin
As Americans, it’s unacceptable that US gov’t is sending billions to Ukraine but not save the banking crisis that is happening in US.
Market is missed pricing #Bitcoin as the only solution to the counterparty risk problem which the banking system is currently facing. The missed pricing will not hold long as market will reassess Bitcoin’s value.
According to Y Combinator, there are 267,000 employees under YC companies that bank with SVB, of which at least 81,000 are based outside California.
That’s very true. He got early info because his found is one of the biggest depositors at SVB.
Bitcoin is the solution in the situation of breaching trust. However, most people see it too volatile to adopt 🤷♂️
You either get it or not.
Chinese is king of spam lol
The common enemy is the Fed.
Deposit flows from regional banks to big banks. Big banks receive these deposits and invest them into treasury bond.
The winner is Big Four Banks.
Bailout, money printing, and cutting rate. Here we go again.
I have trouble adding relay on Damus. Is it a bug?
I am afraid the issue of SVB is not just about US banks having losses on treasury bond but banks around the world may have the same issue.