Un Podcast Sobre Bitcoin La quiebra que puede hacer que bitcoin repita 2023: +200% en 12 meses
Feb 24, 2026
Discussion of a metaphor linking bitcoin moves to broader financial stress. A look back at the March 2023 bank failures and the Fed program that calmed markets. Exploration of private credit strains, AI-driven software devaluations and possible banking losses. Debate about whether bitcoin is signaling liquidity stress in shadow banking and two contrasting AI transition scenarios.
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El-Erian's Canary Preceded The 2023 Bank Failures
- Mohamed El-Erian warned Bitcoin's 75% drop was a canary signaling financial excess.
- Within months Silicon Valley Bank, Signature Bank and First Republic collapsed or were rescued, and Bitcoin rose ~80% from Dec to May 2023.
Fed Backstop Restored Banks And Bitcoin
- The Fed created the Bank Term Funding Program to let banks sell impaired bonds at par, stabilizing the banking crisis.
- That liquidity backstop also coincided with Bitcoin's recovery, which gained ~150% by December 2023 from its prior lows.
Blue Owl Closed Redemptions And Raised Alarms
- Blue Owl Capital, a large private credit manager, permanently restricted redemptions from fund OBDC II on Feb 18.
- Alberto connects this to stress in private credit after rapid AI-driven reassessments of software firms' futures.