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BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
You Don't See the Contagion Event
It's just like the Silvergate situation because they're regionally focused. They're actually focused in Silicon Valley, so it's all tech companies. And mostly startups. Yeah. So in this particular price, I'm going to call it a mini crisis. It's not a real crisis. There's probably a handful of banks that are going to be in trouble here and they're the ones that focused on tech companies Because we go back to our comments earlier about unemployment, which firms are having the highest levels of unemployment and tech companies. You don't see the contagion.
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