40k or the pump isn't real.
Imo
Just woke up, need a quick catch up.
What's happening? 😅
Man, mid 2020 that was me and I was shitting myself.
"why is it so hard to taper a fucking ponzi?😮💨" - Jerome Powell, probably
It's been lesson after lesson about counterparty risk hasn't it? Crazy if anyone isn't starting to grok it yet.
Already done that. Need another bedroom 💯
I predict lots of small 1% Bitcoin allocations "just in case". Then, Bitcoin will become big enough for the large asset managers, then moon.
If this particular situation doesn't set off the chain reaction then the next one will.
"hey, this isn't anal sex! This is a bailout!!"
When everyone is distracted by something else.
"Failure to act strongly enough would be a Lehman-like error."
"Also imperative that sufficient support be provided to other banks to insure full availability of deposited funds across the banking system"
"This is not the time for moral hazard lectures or for lesson administering or for alarm about the political consequences of “bailouts”.
- Larry Summers
Shut up. Getting chills down my spine.
Can you believe Satoshi did this for us? 🤯
Signature bank down and Coinbase holds customer funds with them. Hope nobody has anything on there.
NEW: Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm
Ffs
US OFFICIALS EVALUATE PROTECTING ALL DEPOSITS AT SVB - WAPO.
Not JUST. Although it may be a significant draw for some of us 😁
Surely understanding the rules and the risks is just part of putting your capital anywhere? It's been made perfectly clear, over and again, what one can expect from banks. This is why we bitcoin. It's not just that we like the colour orange ya know.
This may all blow over very quickly and be mostly forgotten about in a week.
But some people will have thought a little more about counterparty risk and will look for a fix.
#Bitcoin
I have to agree. 
Only if there's a run on the banks though, right? I mean, seriously, if everyone stays calm then eventually they'll be able to sell the the treasuries for the full value of deposits. Does the FDIC want a run? 😂 I didn't think they'd deal with the situation like this.
#[0]
And our leaders don't have brains.
Is/was Only Fools and Horses a thing outside the UK?
