, essentially created the foundation for a tech hype cycle through financial engineering to stimulate the economy, and then threw the frying pan into ice water when things got too hot. The recent interest rate rises were not necessarily unpredictable, but the– saying rate hikes were unthinkable until they weren’t – did not help the situation.
Also, a similar social dynamic, fueled by chat groups and social media, kicked in on the way down. Some even put sometimes-CoinDesk author Byrne Hobart at the center of things, because he wrote a supposedlywas effectively insolvent. And so depositors like Roku, which left some $487 million uninsured at SVB, are not blameless.
, stymied bank failures. Signature had reportedly experienced the worst of its bank run and could have survived without government intervention, Frank said. If moral hazard is the argument that people will engage in riskier behavior if protected from the consequences of their actions, then we need a new term for Frank’s claims.There were sound arguments for stepping in and preventing a cataclysmic blow to the valuable U.S. tech industry.
Cash is better than Bitcoin 😎
One crisis that started $BTC, and another to remind and reinforce the start of the $BTC.
Bitcoin only.
When global bail-ins happen , there will be mass hysteria to exit the banking system .. think Cyprus x10 .. Bitcoin will be volitile.. To the upside .. As capital seeks shelter from authority.
I don’t believe in Centralism. $BITCOIN IS THE NEW INNOVATION
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비트코인은 2008년 금융 위기 이후에 등장한 탈중앙화된 디지털 화폐입니다. 이전에는 중앙 은행이나 정부 등 중앙화된 기관이 화폐 발행과 거래를 관리하였지만, 비트코인은 블록체인 기술을 이용하여 중앙화된 기관 없이 사용자들 간에 직접 거래할 수 있도록 만들어졌습니다. (1/2) BTC
I think $BTC is much better
Retirement savings in the $BTC, investments in $TON and lunch money in banks ✅
But wasn't btc created as a gambling currency among gamblers online? Seems odd to say it was born of a previous banking crisis.
Yep, but what happens in a couple of month when the banking crisis is behind us? The market has a memory of an 🐘
Root ownership, a new buzzword!
To bank or not to bank is the question these days.
Sending it to Wahndo is a very viable third option that I’m honestly not sure why more people aren’t talking about tbqh…
Depends on your bias
DanielGKuhn “Delay” would be a more accurate description
DanielGKuhn Xrp