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Fair points, should have stated “Bitcoin is being marketed as a safe store of value by those who would profit from it being perceived as such.” Also agree that Bitcoin predates web3, but appears to me (as someone who has tried digging through multiple layers of hype only to find more hype)...

Agree, that traditionally government bonds are seen as safe, and are not risk-taking. As Bozza pointed out, it’s only been the ramping up of interest rates that has caused them to become problematic for those holding them and needing to cash them in before maturity. However, it’s up to banks...

SVB was always going to be the very first bank to be hit. All of the Silicon Valley guys share WhatsApp groups, and most of them share the same pool of investors. Once a rumour started, it was round all of Silicon Valley in seconds. When your clients are all tech bro’s plugged in permanently...

@Bozza Absolutely correct. In theory, there’s nothing wrong with the banking system providing lots of people don’t pile in asking for their money back at the same time (the very definition of a bank run) - unfortunately there’s money to be made in causing mischief, by shorting a potentially...