Silicon Valley Bank was fine on Wednesday and gone today. I reminded you two days ago, the K-wave is in play. My prediction in 2013 of major, permanent layoffs in the high tech industry as part of the cycle's end. The demise of SVB and Silvergate Capital should impact Bitcoin, miners were still burning cash coming from somebody. I love that Cramer recommended SVB as a strong buy last month.
Interesting shakeout so far, USDC in a panic...
This is the part in history where commies attempt a coup! haha.
And the rickety cart carrying the house of cards trundled down the narrowing path as it grew steeper. If the Federal Reserve cuts rates, then I made the right call on real estate.