How Much Do You Need to Make to be Rich? (EP.298)
Animal Spirits Podcast
00:00
Is Silvergate Bank Really Out of Business?
Silvergate had a market cap at its peak of six five point nine billion dollars and Now it is less than two hundred million dollars. Coinbase put out a tweet at coinbase all client funds continue to be safe accessible and available in light of recent developments. The federal reserve and other banking agencies warned they don't want the lenders they oversee getting overly exposed to the digital asset sector. So what does this mean for crypto that it's going to have to be a traditional financial institution to make this happen?
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