Silicon Valley Bank’s closure sent a wave of fear through the fintech industry that there’s a spread of contagion which could cause a ripple effect of disaster.
One self-styled crypto enthusiast (@megbzk) wants to point out the next four banks to keep an eye on in the coming weeks.
Those include:
- First Republic Bank
- Western Alliance Bank
- Signature Bank
- Pacific West
The issues causing SVB to be shut down are part of a greater uncertainty in the crypto world, and all fiat currencies are at risk – putting the institutions that bolster them at even greater risk.
