The Collapse of SVB, Silvergate & Signature Bank | Caitlin Long and Nic Carter
Supply Shock
00:00
Is the Fed's Balance Sheet Expanding Again?
It's been pretty telling to watch how these two situations were handled. Silver gate and Silicon Valley, one that primarily 90% of silver gates deposits were crypto based. Just the way that first republic was treated versus signature. The fact that Bitcoin is up 30% this week alone, I just find awesome because it's flying in the face of what the regulators are trying to do. We've seen this before. Nick and I were both around in the previous debanking wave, which happened in 2017, 2018. That was the time when Tether took off. It was a real innovation in terms of a new US dollar payment rail. Pretty clear the Fed doesn't like it and took aim at
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