Bitcoin has jumped over 10% in price since several banks, including Silvergate, Silicon Valley Bank, and Signature Bank, collapsed over the last week. Unfortunately, many web3 businesses were affected by this collapse, causing many cryptocurrencies to suddenly drop in price. 

However, bitcoin seems to be having the opposite effect with its price soaring as investors begin to recognize bitcoin’s purpose of self-custody being realized; but will this cause a stronger bull run for bitcoin? It’s hard to tell, but the number of Eth maxis taking a closer look at BTC is something to keep watching as details of Silicon Valley Bank’s collapse continues to unfold.