Post
Topic
Board Economics
Re: How SVB fall going to affect bitcoin, crypto in general?
by
o48o
on 14/03/2023, 18:58:09 UTC
Some people say it's not gonna affect bitcoin price because the fallen banks were only bitcoin supports. But USDC was also having big stash of cash in these banks.
I am still looking for a clear idea of what it's really gonna be
Regulators already promised to bail out customers. So it's not going to affect anything. Except panic sales all over the board that could technically unpeg the coin a lot temporarily. Also there's a problem if enough people cash out fast, because the possible lack of reserves. That would be a bigger problem.

https://edition.cnn.com/2023/03/12/investing/svb-customer-bailout/index.html