A Real-Time History of the Crypto Banking Crisis, With Austin Campbell
The Breakdown
00:00
What Happened With SVB?
Silicon Valley Bank has had to sell something like $22 billion to cover withdrawals. The bank bought long duration bonds, interest rates go up significantly when the federal reserve raises them. When depositors start withdrawing money, especially because if you look at tech in general, that space hasn't done well,. You'd expect cash burn to go up.
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Transcript
