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BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Problem With Crypto
Silvergate is a bank that over allocated to one sector. The problem with crypto, and I'm seeing the word crypto on purpose, right? Because they mainly focused on crypto companies like FTX is that they got a little bit over their skis. So I would always avoid banks that had two heavy of an allocation to a sector because if that one sector got hurt, the whole bank,. it's a little deposit pace would go down.
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