2min chapter

Animal Spirits Podcast cover image

What's the negative catalyst? (EP.291)

Animal Spirits Podcast

CHAPTER

Crypto Is a Big Story in Crypto, I'm Not Sure What to Do About It

Silvergate is the biggest bank for crypto institutions. Crypto deposits were 90% of the bank's overall deposit base. The bank announced this week that they are down to $3.8 billion. One analyst said on a call, "I don't think that there are many banks that could say a 70% decline at deposits"

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