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BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)

Mar 15, 2023

Steven McClurg, CIO at Valkyrie and a macroeconomics expert, shares insights on the recent bank failures and their repercussions on the economy and Bitcoin. He discusses the Federal Reserve's current considerations and how distinct these recent failures are compared to past crises. The conversation explores the potential impacts of Wall Street's actions on Bitcoin on-ramps and raises questions about the future of Bitcoin ETFs and the effect of paper Bitcoin on the market. McClurg's analysis offers a unique perspective on navigating the evolving financial landscape.

01:10:33

Episode guests

Steven McClurg

Highlights

AI Chapters

Episode notes

Inflation and Farming

01:22

The Problem With Crypto

01:00

The Silver Gate Meltdown Is Coming

00:59

Intro

3min

Economic Insights: Inflation and Food Prices

15min

Understanding the Labor Market Crisis Amidst Rising Inflation

2min

Exploring Secure Bitcoin Investments and Real Estate Opportunities

3min

Navigating Economic Turbulence: Banking Challenges and Risks

19min

The Perils of Short-Term Thinking in Banking and Investing

5min

Challenges in Low-Interest Banking

11min

Navigating Crypto Challenges

15min

Preston Pysh sits down with Steven McClurg, who’s the CIO at Valkyrie, and just an all-around brilliant macro thinker, to talk about the multiple bank failures, what it meant for the broader economy, Bitcoin, and more.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:03 - What are the three things the FED is currently considering?

26:15 - Why Silvergate, Signature, and Silicon Valley Bank are different than many other banks?

31:29 - What rules from the Global Financial Crisis are currently impacting regional banks?

52:26 - Is there a concerted effort by Wall Street and the government to remove onramps to Bitcoin exchanges?

54:36 - Steven's thoughts on Custodia's bank application with the FED being denied.

57:00 - What's going to happen with the GBTC suit with the SEC with respect to the ETF application?

01:05:29 - What impact has paper bitcoin had on the market to date and Steven's expectation into the future?

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Steven McClurg's Twitter.
Steven McClurg's Company Valkyrie.
Peter McCormack's interview with the GBTC CEO.
Related episode: Listen to BTC112: Bitcoin Macro Mastermind 1st Q 2023 w/ Joe Carlasare, Steven McClurg, & Jeff Ross, or watch the video.
Related episode: Listen to BTC088: FED Policy, Bitcoin Etfs, & Euro Dollar Impacts w/ Steven McClurg, or watch the video.

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