2min snip

All-In with Chamath, Jason, Sacks & Friedberg cover image

E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more

All-In with Chamath, Jason, Sacks & Friedberg

NOTE

Cryptocurrency and the Banking System

Businesses need FDIC insurance for $25 million accounts to have confidence in the economy and the banking system./nCrypto is very liquid and people are trying to free up cash, so it is a contagion that could lead to more financial instability./nStablecoins are a better option right now because they are more liquid than crypto.

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