Bitcoin Believers Revel in Told-You-So Moment, Big Rally as Banks Crumble
- Oldest cryptocurrency’s origin story re-emerges with big rally
- Bank runs are ‘as perfect a Bitcoin use-case as one can think’
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As members of the media lingered near the entrance of the headquarters of Silicon Valley Bank this week, a Bitcoin true believer seized on an opportunity.
He drove a Budget moving van directly in front of the building’s entrance, so all could see the message plastered on the side: “BE YOUR OWN BANK,” it read, between a doctored image of Federal Reserve Chair Jerome Powell holding a “Buy Bitcoin” sign and the orange logo for the original cryptocurrency. A video of the made-for-social-media stunt, set to Pink Floyd’s “Money” as soundtrack, was tweeted by an account with the handle @cryptograffiti, with text that said “btc>svb.”