Coinbase somehow managed to release the perfect crypto ad one day before banks started collapsing.

Coinbase released arguably the best crypto ad ever made on March 7th.

The ad shows all the issues with the modern banking system and finishes with the sentence "It's time to update the system"

you can see the ad here if you haven't already seen it.

https://twitter.com/coinbase/status/1633222932255358976

https://preview.redd.it/brkevl57dzma1.png?579&format=png&auto=webp&s=35c2f1d12788dfb8ebe00a559843a3aa0f2b88ee

The next day March 8th - Silvergate announces it plans to wind down bank operations and liquidate it's bank.

https://preview.redd.it/1l7285oaezma1.png?763&format=png&auto=webp&s=4d5f33507e9c2a8ad47724ee9dca4229596112f3

Today March 10th - Silicon valley bank collapsed

customers rushed to the bank desperately hoping to be able to withdraw funds

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https://preview.redd.it/2mwu5kpuezma1.png?531&format=png&auto=webp&s=8569c7ed76255d6e037d42fc2daaa9cefc9a6fe6

Customers lined up outside Boston bank owned by Silicon Valley Bank

https://preview.redd.it/enbesmpuezma1.png?549&format=png&auto=webp&s=4059c268542ea076c330f3c901d2cef2bca6f5dd

https://preview.redd.it/8krdalpuezma1.png?571&format=png&auto=webp&s=0bbb451bb63a00619429781d868aed059ca71c23

We've seen images like these from countries around the world but many people who live in the global north have dismissed them as only something that happens in third world countries. Seeing it in the US will be a wake up call for many.

Although this has also caused the price of crypto to plummet, holding your crypto on your personal hardware wallet still seems preferable to lining up outside of a bank hoping to be able to withdraw your money.

NYKNYC