Post
Topic
Board Economics
Re: How SVB fall going to affect bitcoin, crypto in general?
by
mk4
on 15/03/2023, 04:24:30 UTC
And looks like bitcoin reacted very positively to all this drama.

People look like to be trading usdc for btc.

Also, people are now worried about their bank deposits and investments , and bitcoin is a natural alternative. This might be the reason for this price pump recently

The entirety of this space actually reacted very negatively(because of panic, as if bitcoin was stored in banks), then reacted positively after the dust settled("wait, bitcoin makes more sense").

Quite an interesting event, that's for sure.