NFT Morning Show - Friday 3/10
The Daily Bone (Formerly The Nifty)
00:00
Is the Liquidity the Issue?
I talked with the head of a risk management for one of the large banks in the US yesterday, and I'm talking with him. And it seemed like the industry stance from the banking perspective is like, yeah, they just underwrote too much crypto stuff. Too many of those companies just like went to zero and had to withdraw deposits because they lost all their money. We're going to see more of these sort of ebb Silicon Valley bank situation. It doesn't really matter if there was insolvency yesterday morning, because the rumors of insolvency caused a bank run. And now it is.
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Transcript
