An executive at Trezor, a hardware wallet company, says the continuing banking woes in the US have had a significant impact on BTC.

On March 14, Bitcoin rose by $26000, the largest total demand since June 2022 and the main increase in recent years. The record for several months follows a series of surprising events in the US banking sector, with banks such as SVB, Silvergate and Signature shutting down their business processes.

According to Josef T é Tek, a bitcoin investment analyst at Trezor, the current rapid rise in bitcoin prices-the fastest since 2023-may be the most straightforward conclusion that "the bank management system is significantly sensitive."

TreadTek suggests that the current banking woes could make Bitcoin a haven and safe haven for the soul. He pointed out that Bitcoin, which was to be created shortly after the global financial turmoil in 2008, "is likely to be a response to unfair aid."

"events at this stage find out in time why we need bitcoin," he said, adding that events at this stage are not that good for most intensive data encryption business processes and assets, referring to Circle dollar coins. The analyst said:

"at this stage, the bankruptcy of some banks must be a good thing for Bitcoin itself, but it is not a comfortable environment for all types of fund custodians. It is once again stressed that one of the safest natural environments is their own custodian assets."

Recent events with Silvergate and SVB make it clear that counterparty risk is a "thorny issue" in the banking system, although it is sometimes better hidden, according to T é cor Tek. He added:

"the bank will actually no longer have our money, but will borrow it and use it to buy ups and downs. The depositor is actually the debtor of the bank. It is acceptable that people are looking for alternatives such as bitcoin.

T SVB Tek also stressed that the bankruptcy of silver gate was the most direct conclusion of its business dealings with the failed password trading center FTX, while the bankruptcy of bank was the result of "embarrassing risk control". He went on to point out that SVB's open-ended approach to long-term government bonds is very large, because the price of such bonds has plummeted because of a sudden rise in interest rates, and the bank does not have a detailed hedging strategy. "SVB has almost no contact with the login password field," TreadTek added.

The comments came as former US Congressman Myers Donald, a member of the iconic bank supervisory board, made up a lie about the latest US bank incident related to login passwords.

"I think part of what happened is that regulators need to send a strong anti-encrypted message," said Donald, who declared that the key to the signature was "purely an infection of SVB."