The Banking Crisis Proving Bitcoin’s Worth
The second fastest rate hike increase in history finally found cracks in the system after 14 years of quantitative easing and money printing. A liquidity crisis arose after bond losses could not cover depositor withdrawals, and signs of a cascade of bankruptcies have since emerged. Silvergate wound down operations and started the liquidation process last Wednesday; Silicon Valley Bank (SVB), the second largest bank bankruptcy in history, occurred on Friday, and regulators seized Signature on ...
The Banking Crisis Proving Bitcoin’s Worth
The second fastest rate hike increase in history finally found cracks in the system after 14 years of quantitative easing and money printing. A liquidity crisis arose after bond losses could not cover depositor withdrawals, and signs of a cascade of bankruptcies have since emerged. Silvergate wound down operations and started the liquidation process last Wednesday; Silicon Valley Bank (SVB), the second largest bank bankruptcy in history, occurred on Friday, and regulators seized Signature on ...
