Calls for the U.S. central bank to rescue Silicon Valley Bank are growing due to fear of a more widespread bank panic. Things could unravel quickly. Pay attention. This is why Bitcoin was invented.
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If all these depositors self-custody'd with Bitcoin, they wouldn't need a government bailout to make payroll. It would be business as usual.
At least the uninsured portion of their deposits.
Problem is SVB requires their borrowers do all their banking with them. So if you go to them for a loan they've got you by the balls.