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The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks - Ep. 466
Unchained
Silvergate - Crypto Deposits - Is There a Risk of Default?
The CEO of Silvergate could have said, "I'm going to take a bet on interest rates funded by crypto deposits" The Fed is risk free, essentially, they basically print money to pay me back. And at my bank, you get your money back not in T plus one or one trading day. Back in 2021 and 2020, it was close to zero. But you're taking the bet that they're going to have to raise interest rates at some point.
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