5min chapter

Swan Signal Live - A Bitcoin Show cover image

Dylan LeClair & Joe Consorti | Bank Runs, Bitcoin, and Self-Custody | Swan Signal E100

Swan Signal Live - A Bitcoin Show

CHAPTER

Cryptocurrency and the Fallout From Silvergate Collapsing

Samuel Lerman: It seems like they're taking those little crypto banks back behind a tool shed and shooting them in the head, to be honest with you. He says Signature Bank specifically is one of the things that really confused me why they shut it down because I felt like they were different than Silvergate. The risks that are posed from a bank like Silicon Valley Bank collapsing and its creditors not being made whole are smaller regional banks, he says. And so, if a $200 billion bank failure has the ability to take down the entire banking system, then what does that tell you about the fragility of the other banks who are holding this pristine collateral on their books?

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