In the past month, the banking sector experienced its most turbulent period since 2008. Major crypto-friendly banks, including Silvergate, Silicon Valley Bank, and Signature, have gone under, while the 170-year-old Credit Suisse stands on the brink of being absorbed by its main competitor, UBS.
Are we witnessing a reenactment of the 2008 financial crisis?
Will the BTFP Fed program ignite another bull run? Or, could we be entering a phase of hyperinflation where Bitcoin's value surges to $1 million within 90 days, as predicted by Balajis, the former CTO of Coinbase?
Today on Blockcrunch, we have Ram, CEO of Lumida, who was also previously the Head of Crypto at Cross River, one of the remaining crypto-focused banks to help us separate signal from noise:
Overview of the entire banking situation
Will BTFP introduce liquidity into the market
What will happen to the crypto markets
You may also catch this episode on YouTube, Spotify or Apple Podcast
Host: Jason Choi @mrjasonchoi . Not financial advice.
(PODCAST) Silvergate & SVB Crisis Impact on Crypto, According to Crypto Bank Insider