5min chapter

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

BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Skull of Satoshi

The banks are caught in a hard place. They want higher rates, but they don't want people to withdraw and put them into those types of vehicles. It's like you can't have it both ways. So yeah, I don't know how they fix it. And if they cut rates really quickly, they have another issue on their hands because now there's all these banks that in order to survive have switched their loan portfolio from fixed rate in securities That makes sense when the rates are rising. But if you cut rates really quick, they should have actually been buying fixed rate at that time. The pace at which they're making the changes, which is unpredictable and difficult for banks to plan

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