The collapse of Silicon Valley bank is shining a light on why bitcoin is so important.

Silicon Valley bank is the 2nd largest bank failure in US history. The vast majority of Silicon Valley banks clients and customers were tech startups and wealthy tech workers with their accounts completely uninsured by the FDIC. They all now know exactly why bitcoin is so important. This is a big deal because as popular as bitcoin already was in Silicon Valley that popularity will now be on another level. They knew the promise of bitcoin but now they have first hand experience as to why they need it.

I wouldnt be surprised if this sparks a massive shift from tech startups to put some bitcoin on their balance sheets and for wealthy tech workers to finally start stacking sats. This might even see some of these startups begin to build lightning into their platforms.

submitted by /u/slvbtc
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