5min chapter

"Moment of Zen"  cover image

E13: How SVB Unraveled and Whether Crypto Can Fix Finance with Byrne Hobart

"Moment of Zen"

CHAPTER

Cryptocurrency and the Financial Crisis

"I would be surprised if someone made a ton of money just thinking like okay they're not gonna let this bank fail. The market converged to true book value instantly because it was like three billion dollars on like 42 billion dollars a market cap" "When you want to sell something you think is liquid there's probably a lot of other people who want to sell it so whatever the price that you thought you were gonna be able to even at the discount is probably even," he said. 'You can actually look at what the demand for buying is and realize like you could eat through the order book pretty fast' He also shared one last weekend war story since we're like sharing random weekend worst

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