5min chapter

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

BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Silver Gate Meltdown

I've always said that the deposits will be fine They might get frozen for a little bit So, you know if you want to take that risk but um, but that'll be fine. The bank itself is going under Um, I actually thought that somebody would come and pick it up for its deposit base But because banks are always looking for more deposits really hard to find right now for banks. People are fleeing so quickly There's not much of a deposit base left. We're just talking about the normal person who wants to put some money on an exchange to participate in Bitcoin.

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