Over 80% of the failed Silicone Valley Bank depositors are involved in crypto startups. When fear set in, SVB depositors lined up to get US dollars out. The main reason being is that wealth from dollar purchases of crypto coins was stored at Silicone Valley Bank in US dollars. The message was clear. Even leaders in the crypto space are saying the dollar is wealth and crypto is whatever you want it to be. Yes, SVB ran out of cash. Cash that purchases crypto and finances the company. If crypto had value nobody would have cared much about SVB failing.