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Balaji’s $1M Bitcoin bet, banking crisis update, OpenAI launches GPT-4, and Jay Trading! | E1702
This Week in Startups
Silicon Valley Bank, First Republic Bank
People on Twitter are speculating that this means a quantitative easing and money printing will resume stabilizing the markets along with potential rate cuts. We have fractional banking, which means like we put our money in, they go do stuff with it and we can't get our money back because it's not like a bank vault or a stable coin. And so quantitative easing, the government buying securities and some of this, you know, medium or long duration, bonds, treasuries, et cetera. It's gonna take coordination here. I saw UBS is gonna require their big rival credit suites. First Republic actually known for that. You have a personal banker there. Even if you
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