@Croesus_BTC - @edstromandrew - Macro Monthly - Unpacking The Silvergate Bank Debacle. #319
Once Bitten! A Bitcoin Podcast.
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Is There a Risk in the Cryptocurrency Sector?
There's definitely a risk that many enterprises in the sector, however you define it, have one bank account and it's with Silvergate. And so they have to scramble. Some of them just can't get banked because current entrants aren't keen or existing banks are pulling back. So I mean, yeah, I think some businesses will go bust for lack of bank account access. But there's going to be effects on the industry. We'll see how it turns out. The thing that I know though is that you can't stop Bitcoin at least from like a US perspective,. To really persecute Bitcoin would mean chipping away at all of our rights down to the very heart of
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