Crypto

Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says By Cointelegraph

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© Reuters.

The ongoing crisis of banks in the United States has many positive implications for (BTC), according to an executive at the hardware wallet firm Trezor.

On March 14, Bitcoin broke $26,000, a price level not seen since June 2022, posting the biggest gains this year so far. The multi-month high followed a series of shocking events in the U.S. banking industry, with banks such as Silicon Valley Bank (SVB), Silvergate and Signature shutting down operations.

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