On The Silicon Valley Bank Collapse, Fractional Reserve Banking, and Bitcoin

Got Bitcoin? If not, it seems like now is the time!

Did you hear about the collapse of Silicon Valley Bank (SVB) on Friday? It’s the 2nd biggest bank failure ever—and the biggest since 2008. The FDIC guarantees accounts for up to $250,000. But CNBC says over 90% of funds at SVB aren’t eligible for FDIC coverage—because of how many big companies had accounts there.

One of the companies with an SVB account …