Intro

This chapter examines the recent failures of Silicon Valley Bank and Signature Bank, discussing their effects on the broader economy and the cryptocurrency sector. It also addresses the Federal Reserve's new funding program and the potential consequences for banks in the current market landscape.

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Episode notes

Preston Pysh sits down with Steven McClurg, who’s the CIO at Valkyrie, and just an all-around brilliant macro thinker, to talk about the multiple bank failures, what it meant for the broader economy, Bitcoin, and more.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:03 - What are the three things the FED is currently considering?

26:15 - Why Silvergate, Signature, and Silicon Valley Bank are different than many other banks?

31:29 - What rules from the Global Financial Crisis are currently impacting regional banks?

52:26 - Is there a concerted effort by Wall Street and the government to remove onramps to Bitcoin exchanges?

54:36 - Steven's thoughts on Custodia's bank application with the FED being denied.

57:00 - What's going to happen with the GBTC suit with the SEC with respect to the ETF application?

01:05:29 - What impact has paper bitcoin had on the market to date and Steven's expectation into the future?

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Steven McClurg's Twitter.
Steven McClurg's Company Valkyrie.
Peter McCormack's interview with the GBTC CEO.
Related episode: Listen to BTC112: Bitcoin Macro Mastermind 1st Q 2023 w/ Joe Carlasare, Steven McClurg, & Jeff Ross, or watch the video.
Related episode: Listen to BTC088: FED Policy, Bitcoin Etfs, & Euro Dollar Impacts w/ Steven McClurg, or watch the video.

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