2min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

Cryptocurrency and the Global Financial Crisis

I think most of them are fairly sincere in their in their motives they simply believe that crypto introduces systemic risks into the banking sector and basically destabilizes the sort of like tradfi legacy banking sector. They can now use these examples of silver gate SBB to a lesser extent and signature to advance that claim because those were the first three major banks to fail. I mean of course the ultimate cause is not crypto crypto is far too small to destabilize the system but interest rates whipsawing from 0%.

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