/biz/ - Business & Finance

>>54059791
SVB was a bank specializing in holding the monies of the same Venture Capitalists on boards of a bunch of speculative, unprofitable startups.

SVB invested those billions in long dated bonds to draw a profit, as their customers had no need for loans and the like.

High interest simultaneously fuxxed Venture Capital investment cash flows and long-dated bonds. SVB shit the bed because it was hyper specialized in a single sector notorious for herd-mentality.

Sorry doomies, this won't even effect local small banks, let alone the giants.

>>52395529
>Also even amazon did like a -90%+ during its early days. Again, percent moves isn't what makes or doesn't make an asset into a ponzi.
Amazon shot up because it transitioned from an online book seller to a universal online marketplace, then shot up further when it became a chief player in Cloud Storage. All these things increased it's cash inflows massively, and they were getting into more and more profitable business.

Bitcoin poomps purely because more rubes want to own it for no other reason than praying more rubes will buy it behind them and poomp it up. It remains completely useless as a thing to own, except for potential rubes poomping it.
It is the very definition of a Ponzi.

>>50256101
How could ANYONE listen for 5 minutes to Le Crypto Salesmen pitch their snake-oil full of meaningless techno-jargon and amazing promises and NOT realize they are buying into Ponzi schemes???