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SVB going down? India has seen more banks going down in recent times

Because you can't trust banks like Yes Bank, PMC etc , you should own immutable, counterparty-risk-free money like Bitcoin. Views?

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ElomDusk

Grapevine

2 years ago

Do we know if any startups in india are exposed?
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crimemastergogo

Bollywood

2 years ago

I think start-ups like Chargebee, Clevertap, Freshworks, Postman etc might have been banking with SVB. Not sure though
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crimemastergogo

Bollywood

2 years ago

But more importantly how do you as an individual depositor protect yourself from such cases. Do you stack sats ?
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LegalTimer90

stealtg

2 years ago

How did you learn about these companies having money in SVB? This is not public info right?
See more comments
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Jethalaal

Stealth

2 years ago

That's a stupid view
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crimemastergogo

Bollywood

2 years ago

yeah probably but just a food for thought . how do you ensure you save your wealth with no counterparty risk
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MonthlyCot60

Google

2 years ago

No counterparty risk happened here. Just liquidity crisis. If SVB has good loan book, people will get their money back.
See more comments
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Vegetabledev22

Stealth

2 years ago

Lol🤣 might as well put money in NFT. Crypto has no underlying value, its a mere speculation. Government bonds are the safest haven
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JadeArgent

Independent Law Practice

2 years ago

SVB went down because of all of its investments in bonds
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crimemastergogo

Bollywood

2 years ago

Bitcoin held in self-custody removes counterparty risk. No need to trust a bank to take care of your money or the government to bail you out if the bank fails.
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crimemastergogo

Bollywood

4 months ago

Are we still about #Bitcoin
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