SVB collapsed in under 24 hours. The rot? Already festering on their balance sheet.
They parked surging deposits into long-term securities. March 8, 2023: $1.8B loss announced. March 9: $40B+ withdrawn. March 10: dead.
That's a maturity mismatch death spiral when liquidity actually gets tested.
Bank deposits = claims on institutions that gambled your money away.
$BTC in self-custody = zero counterparty risk. No institution. No mismatch. No rug.
This is why we say: not your keys, not your coins. 🔑
They parked surging deposits into long-term securities. March 8, 2023: $1.8B loss announced. March 9: $40B+ withdrawn. March 10: dead.
That's a maturity mismatch death spiral when liquidity actually gets tested.
Bank deposits = claims on institutions that gambled your money away.
$BTC in self-custody = zero counterparty risk. No institution. No mismatch. No rug.
This is why we say: not your keys, not your coins. 🔑