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Equity Mates Investing Podcast

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The Rise and Fall of Bitcoin

Silicon Valley Bank had all these deposits and was trying to figure out what to do with it. It bought mortgage back securities at an average yield of 1.56%. Now when the Fed liked rates to five from basically zero, why would you want to hold a 1.56% 10 year mortgage back security? You can go to a US banking to get 3% into a deposit account, unlike the Australian banks, which pay you 0.00. The whole crypto space has been just fraud all the way through. I mean, Bitcoin is a fantastic invention for sending money overseas without government intervention, but it's never been a store of wealth.

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