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Is There Enough of That to Buy?
Banks focus on just one thing or like okay Well mortgage back securities. It's backed by the US government, you know, it's it's secure It's yielding a little bit more. They have to own this this stuff and they had to be buying it it's crazy. There's other choices, right? I mean, I mean look if I was managing a Bank portfolio, I would have been buying floating rate Acid back securities at that time right?"
Preston Pysh sits down with Steven McClurg, who’s the CIO at Valkyrie, and just an all-around brilliant macro thinker, to talk about the multiple bank failures, what it meant for the broader economy, Bitcoin, and more.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
03:03 - What are the three things the FED is currently considering?
26:15 - Why Silvergate, Signature, and Silicon Valley Bank are different than many other banks?
31:29 - What rules from the Global Financial Crisis are currently impacting regional banks?
52:26 - Is there a concerted effort by Wall Street and the government to remove onramps to Bitcoin exchanges?
54:36 - Steven's thoughts on Custodia's bank application with the FED being denied.
57:00 - What's going to happen with the GBTC suit with the SEC with respect to the ETF application?
01:05:29 - What impact has paper bitcoin had on the market to date and Steven's expectation into the future?
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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