Home Business News Banks down? That’s the reason Bitcoin was created, crypto neighborhood says By Cointelegraph

Banks down? That’s the reason Bitcoin was created, crypto neighborhood says By Cointelegraph

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Banks down? That’s the reason Bitcoin was created, crypto neighborhood says By Cointelegraph

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© Reuters.

The Silicon Valley Financial institution (SVB) collapse on March 10 has sparked concern, uncertainty and doubt (FUD) throughout the crypto neighborhood, main many to return to crypto roots — reviving the white paper printed simply weeks after the Lehman Brothers meltdown in 2008.

“There’s a complete technology of builders who solely examine Lehman and the monetary disaster and scoffed at Bitcoin. Now, their eyes are vast open. Welcome new associates,” said Ryan Selkis, founder and CEO of Messari.