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The Panic of 2023 (EP.299)
Animal Spirits Podcast
The Psychology of a Bank Account
I think I'm leaning towards it's all good. Like for the most part, it could be towards whatever panic would have said it on Monday from literally just not just a trickle because there will be a trickle, just a mass exodus. The deposit of base was so monolithic. It was not a diversified customer base, like say Bank of America. This is one of the reasons it's kind of a- maybe I'm making a stretch here for analogy, but people kept wondering why isn't crypto acting as this macro hedge. In my thought process, the whole time was because the same people who own startups and tech companies are getting crushed too. And that's why crypto is getting
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