The $USDC peg is lost Reasons why it might be a big concern... And reasons why it might not. [img:wEw6g0Ezg] 🧵

Pegs being lost for a short amount of time (a few days) is pretty common in the crypto markets. This is especially true during times when liquidity is thin. i.e. bear markets. This is happening alongside a $BTC dump which can get people to panic. But the key here is...

The fact that $SVIB just collapsed. For those who don't know, this is the Silicon Valley Bank. This matters because there is a narrative that's surfacing now... And it relates to liquidity. [img:YAwVHcQV7]

Circle just announced that they held about $10B in the Silicon Valley Bank Hence the panic. [img:jJ0ZWNo5R]

In other words, this is one of those times where investor sentiment is causing bigger waves than what the event itself should be causing. As most of the time is the case.

We've seen these kinds of liquidity crises happen during 2 recent events. The $LUNA and FTX crash. Panic was high for a few days, then it settled, as it always does over the years.

For those who don't know, all banks practice this thing called fractional reserves, where they're legally only required to hold about 10% of all customer assets in cash. But in reality, that number is closer to 1%-3% So if everyone starts withdrawing cash... Boom collapse.

But there is another narrative going on... Debt and inflation are at all-time highs... While savings are at all-time lows. Alongside the looming narrative that Central Bank Digital Currencies are going to be implemented after a Great Reset.

Should you be worried about this liquidity narrative becoming bigger than it is now? Yes. I've been telling people to start withdrawing their assets into cold hard cash since mid-2022. And if you haven't done so yet, it's a good time to start.

Other things you can do to protect yourself against a possible bank run/liquidity crisis: • Exit risky investments --> safer investments like Gold • Start storing your crypto in cold wallets • Start building your emergency fund, aim for 12 months worth

This is just the start of the collapse that the Fed and most central banks around the world put into motion back in 2020. Macroeconomic policies such as printing ungodly amounts of money and war take time to play out. We're starting to see that now.

Of course, there is always the chance that this is a real crisis and we are doomed. But all you can do if that happens is simply: Becoming someone of value. Let me explain.

If our current economy collapses and we move to a new digital reality... Nothing much is going to change. The top 10% will still be able to make a really good living and eat the other 90% The only way you're going to survive is by being in the top 10% of your field.

On that note, if you want to learn a 6-figure skill that will allow you to take full advantage of these economic shifts within 90 days... DM me "10%", and let's get you set up. Otherwise, like, retweet and follow for more.