Elon Musk Trolls Crypto Cynics As Banks Collapse

Twitter CEO shared a meme to express confusion of people who prefer banks over crypto.

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Twitter chief has not shied away from commenting on the current dire financial situation.

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Two major banks have collapsed within a short period of time, causing a ripple effect in the entire financial system.

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As reported earlier, Silvergate announced to shut down its operations and liquidate its assets after its major exposure to FTX left it dry.

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Silicon Valley Bank became the latest victim of the stock rout as it got attacked by short-sellers and witnessed a bank run.

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Earlier, Elon Musk expressed his interest in buying the collapsed Silicon Valley Bank.

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Elon Musk said he is open to the idea of acquiring SVB and making Twitter a digital bank.

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