That's right! What we are witnessing is money flowing directly out of banks, and into Bitcoin as a result of the recent demonstration of fragility within the banking system by the default of Silicon Valley Bank.
This appears to have triggered a mass flow of money out of banks - looking for any alternative at all. Bitcoin is surging as a result and this could become extreme if it accelerates.
It's time for Bitcoin to shine for it's robust antifragility!
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