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.

Get paid to use social media 👉 https://bit.ly/3k8Lucy

DISCLAIMER: This Channel DOES NOT Promote or encourage Any illegal activities, All contents provided by This Channel is meant for EDUCATIONAL PURPOSES only, I am not a financial advisor, this is general advice, do your own research!

Some of the links are affiliate links, meaning I will receive a small commission from these. This helps support the channel!

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://www.coindesk.com/markets/2023/03/13/silicon-valley-bank-crisis-a-cyprus-moment-for-bitcoin-crypto-observers/

https://decrypt.co/123199/silicon-valley-bank-crypto-companies-contagion

https://www.youtube.com/watch?v=W3ieRz0weNo

https://www.cnbctv18.com/cryptocurrency/a-look-at-the-crypto-firms-with-exposure-to-the-silicon-valley-bank-16160171.html

#siliconvalley #crypto #siliconvalleybank