Post
Topic
Board Economics
Re: How SVB fall going to affect bitcoin, crypto in general?
by
mk4
on 14/03/2023, 19:51:19 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

The market already reacted the time you made this topic, no? USDC depegged down to approximately $.88 and it has already been back to near $1. What you're seeing right now is pretty much the aftermath already.