Bitcoin University's video: Tech Bank Run

Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss the ongoing bank run at Silicon Valley Bank (SVB), and what it means both for the tech economy, as well as the US banking system. It would appear that the Fed has now "broken something," if we are seeing emergency actions taken by major banks like SVB to shore up their balance sheets, which have been broken by the Fed's rate hikes. This suggests that a Fed reversal may be near. Fractional reserve banking really is the dumbest invention of all time. Bitcoin is the great bank account in the sky that cannot be touched by anyone: It can't be diluted like SVB stock. It can't be plundered by a bail-in. It can't be diluted by Fed money printing. Not investment advice! Consult a financial advisor. Crypto bank run: https://www.youtube.com/watch?v=QhcYmELssSM&ab_channel=TraderUniversity Silicon Valley Bank (SVB): https://www.svb.com/ https://finance.yahoo.com/quote/SIVB?p=SIVB&.tsrc=fin-srch SVB 2021 10-K: https://d18rn0p25nwr6d.cloudfront.net/CIK-0000719739/4b031df0-621a-429e-95ec-1ba5f88b029d.pdf Fed going higher for longer: https://www.cnbc.com/2023/03/07/fed-chair-powell-says-interest-rates-are-likely-to-be-higher-than-previously-anticipated.html SVB announcement that panicked investors: https://s201.q4cdn.com/589201576/files/doc_downloads/2023/03/r/Q1-2023-Investor-Letter.FINAL-030823.pdf SVB 2022 10-K: https://d18rn0p25nwr6d.cloudfront.net/CIK-0000719739/f36fc4d7-9459-41d7-9e3d-2c468971b386.pdf SIVB income statement: https://finance.yahoo.com/quote/SIVB/financials?p=SIVB SVB CEO says don't panic: https://www.theinformation.com/articles/silicon-valley-bank-ceo-tells-vc-clients-to-stay-calm Peter Thiel says do panic: https://www.bloomberg.com/news/articles/2023-03-09/founders-fund-advises-companies-to-withdraw-money-from-svb' Silvergate winds down: https://www.businesswire.com/news/home/20230308005795/en/?ref=no-bullshit-bitcoin Biden wants to tax Bitcoin miners: https://twitter.com/BitcoinMagazine/status/1633933119920168965 New York AG says that ETH is a security: https://decrypt.co/123102/new-york-attorney-general-kucoin-ethereum-security I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.