Part of the industry's positiv

2023-03-27

Part of the industry's positive view on bitcoin right now actually stems from how the asset has performed during the banking turmoil sparked by the collapse of Silicon Valley Bank and the failure of two crypto-friendly lenders Silvergate Capital and Signature Bank.

Instead of crashing, bitcoin rallied.

Bitcoin proponents say this is evidence that bitcoin is offering an alternative to the traditional banking system as a place for people to keep their money safe.

"I think the rally is explicable by saying, people have got freaked out by the banking system by the collapses," Oliver Linch, CEO of Bittrex Global, told CNBC in an interview at Paris Blockchain Week on Thursda

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Comments

ehkay
2023-03-27
ehkay
[Great][Facepalm]
The Amateur
2023-03-27
The Amateur
👍
wywy
2023-03-27
wywy
r
DDRuirong
2023-03-27
DDRuirong
Isksjsn
JaiVenky
2023-03-27
JaiVenky
great
VestTig
2023-03-27
VestTig
nice onr

Leave a comment

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