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RE: RE: Silicon Valley Bank | The 16th Largest Bank in the U.S. Goes Under
25
@khaleelkazi
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0 views
1 min read
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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