The problem with the Silicon Valley Bank is that people need it to process payments. A lot of firms, big and small, are in a pickle because of its collapse.
For example Etsy, not exactly a small enterprise, is finding itself unable to pay it's creators for things people have already paid for, and maybe even received. They had (at least part of) their accounts at SVB.
SVB failed because of their greed. They made bets on leverage, and they lost. Now their clients are fucked because of their greed.
Bitcoin lets people buy/sell things without intermediaries. Peer to peer electronic cash. We still have a ways to go, but the advantages are evident.
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source https://www.reddit.com/r/btc/comments/11pnu07/chancellor_on_brink_of_second_bailout_for_banks/
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