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TIP539: The Banking Crisis Explained w/ Shawn O'Malley
We Study Billionaires - The Investor’s Podcast Network
Silvergate's Financing Crisis
Silvergate Capital, the parent company of Silvergate Bank announced that they would be winding down their operations and liquidating the bank on March 8th. For years we had this quickly growing crypto industry that was essentially completely unbanked. When rates were zero, there was a really strong incentive to pile into tech stocks in Bitcoin but as rates rose, that opportunity cost increased. That reality popped when some digital asset prices fell almost 80%.
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