You have an error in your image fren!

I disagree with you on this because Joe Biden is not an ordinary person, he is the president of the most powerful country in the world I believe that after the commotion that occurred around this bank and the significant collapse in the markets, pressure was exerted on the president to come out and reassure the bank's depositors, which is what caused Bitcoin to rise by more than 25% today.

This statement might have made to build confidence in markets. It has been good for our HIVE as well anyway.

🤣 yup!

After this statement the way we have seen that the bank has become corrupt. The way this news hit the market, people completely lost trust in the banks and poured all their money into the crypto market, making the market look very bullish.

well, well, well... :) :) :) I am laughing a lot nowadays... people really don't know what is coming... it is so obvious, and hardly can imagine, it is not done by purpose, how the conspiracy theorists say since long years.

Just read the FED statement:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm

The house is burning!!! Obviously. 3 nice quote from the statement:

Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.

No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.

:) :) :) Yes, they had to write it down twice: No losses will be borne by the taxpayer.

Wondering... then where from the money comes??? Maybe continue the insane printing??? They wrote it won't come from taxpayers, so no other solution. That will be lovely for the inflation. And can save other banks just max. for couple of years.

The biggest 3 banks've done incredibly well on Monday:

Morgan Chase -1,8%
Bank of America -5,8%
Citigroup -7,4%

I wanted to check, few 'smaller' ones in California, New York. The first one was the New York Community Bank (-13,2%), checked a similar size in California, the East West Bank (-17,4%) Both are still top50 banks in the USA... and I could go on. All these banks will fall sooner or later, wouldn't be surprised, if it would start within days, weeks.

I don't think so it is important what Biden, Trump or whoever else says, or the FED does anymore. (not like it was before.)

Probably there are Venezuelians here, they know. I know it, too, as happened to be, I am Hungarian, and Hungary is a world record keeper in hyperinflation, caused by mostly the communists (and fascists). (only difference, then the artifically created ww2 was the excuse, nowadays artificially created virus hoax and war, generally nowadays they blame for anybody and everything, except themselves)

That was pretty much the same script how the west is acting nowadays: war financing, war, insane money printing by a communist regime and ended up in daily 200% inflation... :) :) :) (price doubled in less than a day...) still has the billion pengo notes from my grandparents, what all worth nothing... and people really think, it can't, won't lead there in the hole west (probably world) everywhere... when it happened so many times just in 20th century worldwide... that's insane, not naive...

Wikipedia always silent about commies, but it went south after the commies has taken over the country, after ww2 ended. You can check out how fast it can happen:
(within a year you can own nothing, even if you are a billionaire today, so banks won't be important anymore, if you will have nothing, because of hyperinflation, nobody get it)
https://en.wikipedia.org/wiki/Hyperinflation
https://en.wikipedia.org/wiki/Hungarian_peng%C5%91

And guess what will happen worldwide, when it happens with the USD...

😂 Remember this one? Like a Meme if you look at the past week.