The SVB failure will help BTC alot.

[pooya87]

BTC as it is provably 100% backed.

Bitcoin isn't backed by anything though, at least not in the traditional meaning of the word.

In any case the banking system in US is failing, not just one bank. Specially as the FED keeps increasing the interest rate and that increases the defaults rate and enters the US economy into recession while the inflation is still high. To make matters worse they are printing trillions now which would not only increase US national debt but also ruins the already ruined economy even more.
The first to go down is going to be banks.

#bitcoinnotaffected

CZ said he is converting most of his stables into BTC, ETH for safety in his most recent tweet.

CZ needs to worry more about being shut down by FBI like its predecessors instead of trying to buy a shitcoin like ether with part of his money.

[kro55]

Bitcoin has never failed technically, although some consider that its fall in value is a sign of stalled sustainability. The fact is that they never realized that the reason for the decline was only due to external factors (most of which were due to the policies and conditions of centralized financial institutions), not an innate failure.

It's good news that everyone has the opportunity to raise their sats every time people fear just because of the news of a big financial institution's failure.

I don't think anyone can ever push Bitcoin back below 20k again, so the crypto market is booming. SVB failure "This is a net negative for the crypto space" - but BTC price would say otherwise, right? In fact, considering that Nakamoto developed bitcoin in reaction to the 08 crisis, you could say the banks collapsing is positive for the crypto space!

Do not rush to confirm anything, bitcoin can spike, and can also drop suddenly. Although, I have the same thoughts as many people, a bank crash is a positive for bitcoin as people will think that banks are no longer safe and will look for alternatives. But what if a series of banks collapsed? No one knows what happened after that. That's the question I'm still wondering, is it good for bitcoin because when too many banks fail, it drains the economy? Once the economy is exhausted, no one benefits.

[lixer]

I agree with many recent bank failures that will bring more attention to bitcoin and will be an alternative for many people. But I'm not happy that these banks fail, and that doesn't benefit bitcoin either.

If the bank's bankruptcy does not stop but spreads, it is a dangerous sign for the world economy and will negatively impact the world. Once the economy is in trouble, bitcoin won't benefit too much. Banks are still the backbone of the world's financial system, and if it fails, they will cause so many problems that we can't even imagine.

Issues like this are not new anymore and I think many of the bank costumers have move in BTC long time ago. There are still some who are skeptical about BTC and have no idea on what it can do, this might be the time for them to find a new home for their money. Even if we are not using banks, what happened to them are still not good because they are causing problems to other people and like you I don't think it helps Bitcoin to rise in price.

I heard many crypto and blockchain businesses have now opened in Asian countries lately. That might be the real cause on why crypto such as Bitcoin as pumping nowadays. If banks collapse, I think Bitcoin won't be heavily affected because both of them are not related to each other so don't worry too much.

[South Park]

I agree with many recent bank failures that will bring more attention to bitcoin and will be an alternative for many people. But I'm not happy that these banks fail, and that doesn't benefit bitcoin either.

If the bank's bankruptcy does not stop but spreads, it is a dangerous sign for the world economy and will negatively impact the world. Once the economy is in trouble, bitcoin won't benefit too much. Banks are still the backbone of the world's financial system, and if it fails, they will cause so many problems that we can't even imagine.

Issues like this are not new anymore and I think many of the bank costumers have move in BTC long time ago. There are still some who are skeptical about BTC and have no idea on what it can do, this might be the time for them to find a new home for their money. Even if we are not using banks, what happened to them are still not good because they are causing problems to other people and like you I don't think it helps Bitcoin to rise in price.

I heard many crypto and blockchain businesses have now opened in Asian countries lately. That might be the real cause on why crypto such as Bitcoin as pumping nowadays. If banks collapse, I think Bitcoin won't be heavily affected because both of them are not related to each other so don't worry too much.

Supposing we were to face another banking crisis similar to what we saw during 2008 there is a decent chance that bitcoin will go down at the early stages, and this is because institutional investors have come to this market and if they were to lose their money due to the stock market crashing or another reason then most likely they will sell their bitcoin to cover their losses, pushing the price of bitcoin down as well, however once that initial stage of panic goes away I would expect for the price of bitcoin to grow at an outstanding pace.

[Alpha Marine]

Bitcoin has never failed technically, although some consider that its fall in value is a sign of stalled sustainability. The fact is that they never realized that the reason for the decline was only due to external factors (most of which were due to the policies and conditions of centralized financial institutions), not an innate failure.

Your first statement sums up everything. Bitcoin on its own has never failed and as far as I can see, it never will. It's way better than fiat because it's a currency that when its value falls, there is every possibility that it will go back up, it could take weeks, months, or years but it will get back up. The value of $10,000 in 2010 is higher that the value of $10,000 today due to inflation. Whereas in the case of bitcoin, it's the other way around. 10btc today is higher than 10btc in 2013.
Even now that the market is not in a good place there is still hope and expectations that it will go back up sometime in the future and might even pass beat its ATH, I can't say the same about any fiat currency with the rate at which inflation is eating away at everything,