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My First Million cover image

Part 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks

My First Million

NOTE

What Happened to Silicon Valley Bank?

Banks can take some of the assets on their balance sheet and count them as "hold to maturity," which allows them to get the principal plus the return on the investment./nThis only works if depositors don't all want their money back at the same time.

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