3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Fed's Backstopping of the Silicon Valley Bank

"I don't want to see people be harmed, but at the same time, they're masking the reality of how fragile and how broke this fractional reserve system is," he says. "There is no action that the government can do that is in any way saving people." He sees a future where Bitcoin users are insulated from financial calamities such as bank runs.

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