Silicon Valley Bank declared bankruptcy within 48 hours after disclosing massive losses and failing to secure additional funding. This is the largest bank failure since the 2008 financial crisis, causing a significant short-term impact on the capital markets.

1. Why Did Silicon Valley Bank Fail?
In 2019, the Federal Reserve began implementing a loose monetary policy, causing Silicon Valley Bank's deposits to skyrocket from $61 billion in 2019 to $189 billion in 2021. To increase investment returns, the bank aggressively purchased long-term mortgage-backed securities. In 2022, the Federal Reserve started rapidly raising interest rates, causing bond prices to plummet and resulting in massive book losses for the bank. In essence, the bank's downfall was due to the Federal Reserve's policies and its own investment strategies.

2. Will This Event Trigger a New Financial Crisis?
Many investors are drawing parallels to Lehman Brothers, which took three months to collapse in 2008, while Silicon Valley Bank took just 48 hours. However, the nature of the two collapses is different. Silicon Valley Bank's issue was liquidity, which is easier to solve, whereas Lehman's was a debt crisis, which could trigger a chain reaction and a financial crisis. Therefore, the likelihood of this event causing a financial crisis is low.

3. Impact on Various Markets:
3.1 U.S. Tech Startups: 
Silicon Valley Bank was the largest bank in Silicon Valley and had business dealings with over half of the tech companies in the U.S. Its collapse could lead to a liquidity crisis for many startups, potentially causing them to fail.

3.2 U.S. Small and Medium Banks: 
The issues faced by Silicon Valley Bank are not unique and could cause a ripple effect, leading to more small and medium-sized bank failures if not adequately addressed.

3.3 Federal Reserve's Rate Hike: 
The bank's collapse serves as a warning to the Federal Reserve about the consequences of rapid rate hikes.

4. U.S. Dollar and Forex Markets: 
The event has increased the risk in the financial system, affecting the U.S. dollar and foreign exchange markets.

5. Silicon Valley Bank's Collapse Benefits Cryptocurrency and Precious Metals Markets. 
This event will be a significant test for the global financial system. It presents a severe downside for the stock market and the U.S. dollar, while being bullish for cryptocurrencies and precious metals in the short term. Both cryptocurrencies and gold are expected to experience upward momentum in the near term.

Compared to other markets, the cryptocurrency market is the most straightforward. 
After this event, market expectations have shifted, and Bitcoin is expected to rise. The cryptocurrency market is less influenced by complex factors, making it easier to analyze and seize opportunities.

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