The Banking Crisis and the Future of Crypto

"It's been an incredible couple of weeks. And I don't think we're out of the woods," he says. "This is a more fundamental crisis for banking than perhaps many people are talking about." The government will have to guarantee effectively all deposits explicitly in the same way they've been guaranteeing them implicitly, but that isn't going to solve the problem long term. Long-term there's going to be money draining from these banks, certainly corporate money draining fromThese banks. Even if there is a deposit guarantee, these banks have been underpaying the positives from an interest rate perspective for years. It just seems like we're at a super unstable equilibrium right now.