Sats rights amid volatility: What to do in this uncertain environment?

Recently some of my clients ask me on my view on Sats rights. One of them was very anxious to sell the rights on 14 March 2023 as the last trading day was on 15 March 2023.

When he was speaking, I could hear his voice was not one of confidence but fear as the ripple effect of the different bank failures have started to hit investor sentiment. I shared with him that the Sats rights have corrected already and if he still believe in the fundamentals of the company, he should not panic as this negative sentiment should pass. However, I also shared that he can cut loss if he wish to. But in my personal view, one should not panic just because there is a price correction. He told me he appreciated my honest opinion as I was the preferred broker he trust and use despite having many different accounts with other brokerages.

As such, he will reconsider his choice and apply for the rights. By the time, we ended our conversation, his tone has changed from one of fear to one that is calm.

Personally, in my line of work and more than 18 years of industry experience, such bank runs or sudden market events are common and I do believe as a professional, we should help the clients make an informed decision based on facts, reason and observations.

Hence, in such a volatile world filled with uncertainty, if you need an unbiased, informative and insightful view, please kindly connect with me @ https://bit.ly/TTPericoh

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So what happened: The first bank, cryptocurrency-focused Silvergate Bank, announced it would wind down on March 8 due to losses suffered in its loan portfolio. Two days later, upon announcement of an attempt to raise capital, a bank run occurred at Silicon Valley Bank, causing it to collapse and be seized by regulators that day. Signature Bank, a bank that frequently did business with cryptocurrency firms, was closed by regulators two days later on March 12, with regulators citing systemic risks. The collapses of Silicon Valley Bank and Signature Bank were the second- and third-largest bank failures in the history of the United States, smaller only than the 2008 collapse of Washington Mutual during the then-ongoing financial crisis.

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