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But we saved everything 🙂.
Vance Spencer, co-founder at Framework Ventures, commented on the trajectory of OCP 2.0, stating that it started as a political campaign but ultimately culminated in a banking crisis.
Spencer highlights that Silvergate was taken over without clear reason, and this initial action led to a domino effect with several U.S. banks, including SVB, Signature Bank, and First Republic, experiencing failures.
Spencer has previously examined shifting asset roles in uncertain markets. In an earlier note, he suggested that BTC and gold may face uncertain roles if AI assets emerge as principal stores of value. His comments highlight continued scrutiny of both traditional and digital financial stability.