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CD93: Bank Runs and Macro Update with Dylan LeClair

Citadel Dispatch

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I've Already Opted Out and I Don't Care if They Fuck Debase the Money

I imagine this has got to be a wake up. As someone who's already opted out and essentially a hundred percent in Bitcoin, I don't really care if they debase the money. We had silver gate who doesn't seem like they had any really duration mismatch or anything. It seems like they were almost fully reserved. That's why they're stuck. They liquidate along portfolio, but then once they did, they had enough cash like in January.

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