3.1415926535
21000000
π
minh
minh@primal.net
npub105pt...z4vt
In Code We Trust

Jim Cramer: βI would sell my bitcoin.β
π€£ TIME TO STACK SATS HARDER
π€ 

In the day BANKING CRISIS
BITCOIN go to the MOON π 

Stack sats 


Tomorrow is another day π€
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π 

let that sink in 

βUS Discusses Fund to Backstop Depositsβ - 2023
βChancellor on Brink of Second Bailout for Banksβ - 2009
APOCALYPSE DAY 03/13/23
it's a joke π€£ 

You know what is stable?
1 BTC = 1 BTC
π€£
Thanks Satoshi we have bitcoin today π
USDC π 

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Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB. - Circle
In banker speak, "liquidity concerns" translates roughly as "the bank needs to come up with some cash, quick."
To do that, SVB sold a $21 billion slug of government bonds. But because interest rates have risen so much β bond prices fall when rates rise β it sold them at a loss of $1.8 billion.
To patch that hole in its finances, the bank also moved to raise money by selling new shares as part of a plan to come up with $2 billion in capital. But not success!!!
Bitcoin in Ledgers is the safest money out there and no second best π