3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Risk in the Global Banking System

All deposits of all banks in the United States are guaranteed. If you can have international banks fail, those international banks can bring down your domestic banks. And once you're at that point, it's like, okay, now we've nationalized the global banking system. So what is a rational actor doing in that scenario? They seek out risk.

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