@Croesus_BTC - @edstromandrew - Macro Monthly - Unpacking The Silvergate Bank Debacle. #319
Once Bitten! A Bitcoin Podcast.
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What's Been Interesting to You With Silver Gate?
Silver gate is by far the most important bank arguably in Bitcoin and all of crypto, right? It's just like regional. If you can call it that I think they have three branches or something last I looked in southern California,. They went whole hog into, you know, into crypto. And so yeah, they they bet the company on it and and they grew dramatically in the stock went up like 20 X and they were killing it and it's gone. At least because or perhaps primarily because it seems that they were misdirecting funds that were supposed to go into FTX.
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