5min chapter

Unchained cover image

The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks - Ep. 466

Unchained

CHAPTER

Bitcoin - I Want My Money Back, Give It All to Me Right Now?

Silvergate has this deposit base that literally, in a day's known as, say, I want my money back, give it all to me right now. And so their dollar deposits are going through the roof. So what do they do? They reached for yield and took more risk. But when they went to go and sell their portfolio, they're sitting on massive unrealized losses.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode