RE: RE: Silicon Valley Bank | The 16th Largest Bank in the U.S. Goes Under
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RE: Silicon Valley Bank | The 16th Largest Bank in the U.S. Goes Under

khaleelkazi(82)
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4y

Absolutely true but there is a big difference here and comparing the two is apples and oranges.

When people sell BTC, they're selling their money. 1 BTC = 1 BTC.

When people panic withdraw from a bank, they're straining the fractional reserve nature 1 USD does not = 1 USD when "70%" of the total asset are tied up in duration-based assets.

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@khaleelkazi: Absolutely true | Ecency