Sirwin
Sirwin

Biden Speech and Crypto Bounce

By StarkMatan | Toddler Hodler | 13 Mar 2023


In case you have been living under the rock, and haven't heard the news - Silver Valley Bank (SVB) has collapsed. 

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Obviously, that has caused a lot of panic on the market and on the news, and today, to calm the people down, POTUS has made a speech:

If you don't want to spend time watching a grandad(with all due respect) stumbling for about an hour, here is an interesting take from it:

>"Depositors will not suffer, but no one will help investors and bank management, because "this is how capitalism works.""

The market was quick to respond, as the graph below tells us:

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And so was the crypto market:

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IMHO, this is a not a start of a bull run, rather a quick reaction, that will fade later, what do you think?

That's it for this quick recap of latest news, keep it save, have a nice day and as the legend put it, do your own research!

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