I did not see this coming so soon...but it's happening. The private sector might be able to save SVB. Or, the bank will collapse and reinforcements will be called to prevent the same thing happening throughout the sector. I was surprised to see that Yellen said "no bail-outs for SVB". I was expecting the opposite when the news broke. Very interesting times and I am intrigued to see how this all plays out, and whether or not a domino effect is coming.

What is also intriguing to me is how this will effect Bitcoin when markets open and the weeks following. Will an economic downturn hurt Bitcoin before it benefits it? Or will the fact that this very kind of scenario is why Bitcoin was made, propel it to new highs earlier than we all thought?

Not surprised due the rapid rise of interest rates by the FED, and im sure they saw such things coming eventually too. If SVB didn't jump on the "crypto this crypto that" bandwagon im assuming they would be doing better, same as Silvergate which tried to become some sort of shitcoin exchange, they are going to pay the crypto bandwagon tax and that's part of the capitulation before we can talk about the next ATH. Im actually surprised stuff like crypto.com are still dumping mad millions all over mainstream sports events.

You would think that BTC would go up in times like this, we can only hope! At least it looks to he going up rn, HODL!!!

This just shows how uninformed you really are.

Sky high interest rates? HAHAHAHAHAHA we are not even NEAR where they were in the mid 2000s or the early 2000s or the late 90s or the early 90s or....
For those that follow finance the 2008 implosion over the summer was clearly seen in late 2006 and by the summer of 2007 was evident what was happening. But the US government central bank and other governments and central banks looked the other way because they thought it was going to be a small bump.

What you are seeing now is a proactive government taking care of things. You the necrotic tissue out of the body, you don't watch and see what happens.

-Dave

Bitcoin has enjoyed a kind of daily rally that one can only imagine, going up over 15% today. It proves that BTC was made for moments such as this, I think the Signature bank problems will also drive more people to Bitcoin.

So far we have SVB, Signature Bank, and First Republic Bank that have publicly failed.

People should also consider the other banks that don't have immediately liquidity and who might fail to secure emergency funding are in bad positions right now. If it turns out many more banks start to fail, then you have a giant problem with the federal government having to credit depositors through FDIC insurance when their own balance sheet is abysmal.

The shareholders are uninsured creditors are all out of their funds. That's money that isn't going to be circulating in the economy anymore. Only creates more stagnation.

Yeah its breaking away from its traditional trend with US stocks. Notably its following trend with gold. I believe this is a sign that Bitcoin has been largely accepted by the world as at least a store of value, perhaps not as a currency yet.

The world and cryptocurrency market have different conditions in different years but over years since 2009, Bitcoin is bullish. History does not have to repeat itself completely but it has its own rhythm.

Yearly candles

Since 2009 bailout when the Bitcoin Genesis block was created till 2023 with another wave of recession and bank bailouts, Bitcoin is here and it did not have any bailout and in future it won't have such as well.

Genesis block