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World

Why is bitcoin surging following SVB’s collapse?

21 March 2023

3:32 AM

21 March 2023

3:32 AM

For more than a decade, bitcoin bores have been banging on about cryptocurrency as the future of money. The emergence and spectacular growth of digital currencies, according to these evangelists, prove that the financial system upon which we all depend is broken. Bitcoin was after all created in 2009, after the great meltdown of 2008, as a revolutionary concept to fight the corrosive global power of central banking.

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