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PrancingCupcake
PrancingCupcake
Bollywood

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?

21mo ago
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PrancingCupcake
PrancingCupcake
Bollywood21mo

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

PrancingCupcake
PrancingCupcake
Bollywood21mo

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

TwirlyUnicorn
TwirlyUnicorn
CleverTap21mo

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

BubblyDumpling
BubblyDumpling
Stealth21mo

That's a stupid view

PrancingCupcake
PrancingCupcake
Bollywood21mo

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

DerpyDumpling
DerpyDumpling
Google21mo

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

JazzyPretzel
JazzyPretzel
Sharechat21mo

Do we know if any startups in india are exposed?

JumpyTaco
JumpyTaco
Electronic Arts21mo

Lol🤣 might as well put money in NFT. Crypto has no underlying value, its a mere speculation.

Government bonds are the safest haven

DerpyPancake
DerpyPancake
Stealth21mo

SVB went down because of all of its investments in bonds

PrancingCupcake
PrancingCupcake
Bollywood21mo

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.

PrancingCupcake
PrancingCupcake
Bollywood7mo

Are we still about #Bitcoin

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