Why Bitcoin Price Boomed Amid Bank Collapses

Matt (Head of Research) explains the latest U.S. bank collapses of Silvergate, Silicon Valley Bank (SVB) and Signature Bank. After these collapses, Bitcoin's price soared to 9-month highs of $25,000 and the broader crypto market also rallied.

He also shares his take on whether there will be more collapses or whether U.S. authorities have done enough to restore confidence in the banking system.

Matt's Article (Available For All Members): https://collectiveshift.io/bitcoin/bank-collapse-implications-and-why-btc-rallied/

Timestamps:

00:00 Intro

00:16 Collapses of Silvergate, SVB & Signature Bank

01:42 USDC Stablecoin Depeg

02:44 Why the Banks Failed

05:44 Case for Bitcoin

07:40 Liquidity Backstop

08:25 Will More Dominoes Fall?

10:03 Outro