Get the "Ultimate Guide to Bitcoin" course:
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Use the discount code YT99 to get the best price.

In this video, I discuss the ongoing bank run at Silicon Valley Bank (SVB), and what it means both for the tech economy, as well as the US banking system.

It would appear that the Fed has now "broken something," if we are seeing emergency actions taken by major banks like SVB to shore up their balance sheets, which have been broken by the Fed's rate hikes.

This suggests that a Fed reversal may be near.

Fractional reserve banking really is the dumbest invention of all time.

Bitcoin is the great bank account in the sky that cannot be touched by anyone:

It can't be diluted like SVB stock.
It can't be plundered by a bail-in.
It can't be diluted by Fed money printing.

Not investment advice! Consult a financial advisor.

Crypto bank run:
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Silicon Valley Bank (SVB):
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SVB 2021 10-K:
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Fed going higher for longer:
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SVB announcement that panicked investors:
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SVB 2022 10-K:
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SIVB income statement:
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SVB CEO says don't panic:
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Peter Thiel says do panic:
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Silvergate winds down:
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Biden wants to tax Bitcoin miners:
[ Ссылка ]

New York AG says that ETH is a security:
[ Ссылка ]

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#SVB
#banks
#bitcoin

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