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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 13/03/2023, 20:32:15 UTC
⭐ Merited by bitcoinPsycho (1)
what this has to do with "crypto" in the first place?

Jeopardy: "A recent Silicon Valley-based bank that was a major player in providing fiat liquidity for the crypto exchanges"

nonsense...SVB and signature had very little exposure to "crypto". The only one that had was Silvergate, which failed quietly.
The rest failed because of the mismatch between withdrawals and declined value of holdings.
You listen to MSM a bit too much, it seems.
They call it this way to place the blame on us, but it does not "stick".

Yep they did not ladder buy fed bonds as rates raised.

Poor risk management banking 101 fail.

So far, bitcoin is reacting as I hoped it would react.

I would like to see a nice big 10k green dildo after tomorrow's cpi numbers.

The idea that banks are too fucking stupid to ladder buy into raising fed rates could mean raising bond rates will cause BTC to go onwards and upwards