Is Silvergate a Disaster?

Silvergate would be a disaster if Silvergate goes under for a lot of firms in the industry. If USDC were to go down, I think that takes down Dye. There's concerns over Wren BTC, which is one of the wrapped BTC things. You have the same exact risks as a custodial relationship with one of these exchanges. They can commit fraud. They can be the subject of government action. We've already seen tether freeze funds that are supposedly connected to Alameda under government orders. But you'll still have your Bitcoin and long term the thesis remains the same.