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CD94: Bank Crisis and Bitcoin with Jesse Myers

Citadel Dispatch

CHAPTER

Cryptocurrency - What They Screwed Up

When rates go up, all the funding starts to dry up. Companies start pulling on their reserves. They're holding it away $80 billion for 10 years at a 1.5% rate. A year later, those treasures are worth a lot less because rates are now five plus percent. And so they sold a quarter of that and realized a $1.8 billion loss in that sale.

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