Breaking News: Silicon Valley Bank Collapses! How Will This Impact the Crypto Market?
According to cryptocurrency analysts, the failure of Silicon Valley Bank (SVB) is a boon for bitcoin (BTC), drawing comparisons to the 2013 crisis, which highlighted problems with the fractional reserve system and highlighted the decentralised, censorship-resistant BTC as a hedge against centralised banking. But how has the bank’s collapse affected the crypto market as a whole?
Watch the full video to find out.
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Reference links:
https://www.cnbc.com/2023/03/12/signature-svb-silvergate-failures-effects-on-crypto-sector.html
https://mashable.com/article/silicon-valley-bank-failure-startups-cryptocurrency
https://decrypt.co/123199/silicon-valley-bank-crypto-companies-contagion
https://www.youtube.com/watch?v=W3ieRz0weNo
#siliconvalley #crypto #siliconvalleybank
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