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Banks down? That is why Bitcoin was created, crypto community says

Published 03/11/2023, 10:38 AM
Updated 03/11/2023, 12:20 PM
© Reuters.

The Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, uncertainty and doubt (FUD) across the crypto community, leading many to return to crypto roots — reviving the Bitcoin white paper published just weeks after the Lehman Brothers meltdown in 2008.

“There’s an entire generation of builders who only read about Lehman and the financial crisis and scoffed at Bitcoin. Now, their eyes are wide open. Welcome new friends,” stated Ryan Selkis, founder and CEO of Messari.

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