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Silicon Valley Bank explained: How crypto is being affected
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<blockquote data-quote="cruelsister" data-source="post: 1029994" data-attributes="member: 7463"><p>As short term Treasury Notes now have a larger yield than any Bank account (and in the US the latter only is guaranteed to 250K), I wonder how many of those primarily in cash will pull out cash this week across the entire banking sector and go into T-Bills, Gold, or Silver.</p><p></p><p>Note to the non-economists- a Bank Run is Double-Plus Ungood for everyone.</p></blockquote><p></p>
[QUOTE="cruelsister, post: 1029994, member: 7463"] As short term Treasury Notes now have a larger yield than any Bank account (and in the US the latter only is guaranteed to 250K), I wonder how many of those primarily in cash will pull out cash this week across the entire banking sector and go into T-Bills, Gold, or Silver. Note to the non-economists- a Bank Run is Double-Plus Ungood for everyone. [/QUOTE]
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