via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/11ps6gs/bank_bailouts_begin_bitcoin_betters_banking/

With the collapse of Silicon Valley Bank this past week, the UK government has this evening announced planned bailouts from taxpayer funds.

https://www.thetimes.co.uk/article/silicon-valley-banks-fall-is-a-threat-to-uks-tech-start-ups-sfngfjzll

https://www.gov.uk/government/news/chancellor-update-on-silicon-valley-bank-uk

https://www.telegraph.co.uk/business/2023/03/11/crisis-uk-start-ups-silicon-valley-bank-collapses/

We are entering a phase in the global economy, that 15 years ago, was the initial catalyst for the invention of Bitcoin.

These past few days have once again proven that FIAT banking is designed to help only the few in charge. Despite a multitude of mistakes and mismanagement, we are once again seeing banks face zero repercussions for their actions while the rest of the population has to not only withstand the fallout but also pay for the privilege.

Time is on our side. We’re early. I believe this will be the next catalyst to propel our cause and banking ideology to the forefront of the minds of millions.

Bitcoin is the future.

submitted by /u/BasisOk4268
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