Jim Bianco & Mark Yusko: The Inside Story Behind FTX's Fall | Weekly Round Up
Supply Shock
00:00
Cryptocurrency
There are large centralized counterparties that had deep exposure to the Alameda. There's crisis of confidence, right? Basically, there's going to be a whole bunch of different runs on banks. Silvergate is the big bank that funds a lot of crypto. It has been just getting massacred right now. You can buy Bitcoin at a 40% discount or a 35% discount by buying grayscale trust. Nobody wants to touch it right now.
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