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Burning Platforms

Slate Money

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Is the Path Forward for Silvergate the Same as for Coinbase?

Silvergate lost around $718 million doing that, which is more than the entirety of profits that they've made over the last decade. So what's the path forward for them? Do they just wait until people are more comfortable with crypto again? Or do you think that changes their business model at all? I'm broadly skeptical that crypto will bounce back. And if it doesn't bounce back, then Silvergate will ultimately fade into nothingness.

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