The Downfall of Silvergate (Crypto Will NEVER Be the Same)

Shadow banking has a history of helping out industries usually turned away by big banks. Crypto is no exception, and there’s one bank that’s been backing crypto for a long time, but that means its downfall could be catastrophic for the industry as a whole. In this video I give you the rundown on Silvergate, its history with crypto, and the ramifications that could come if it goes insolvent due to its involvement with FTX.

0:00 Intro
0:57 The Beginning
1:41 The Rabbit Hole
2:20 The Question Is…
2:50 The Big Break
4:11 Rise to Power
4:54 Banking on Bitcoin
5:53 First Mover Advantage
6:56 The Players
7:36 Problems
9:23 Trouble
9:56 FTX Details
10:35 Hot Water
11:10 Other Lawsuits/Rumors
12:14 Ample Liquidity
12:56 Repercussions
13:43 Can It Get Worse?
14:53 In Conclusion

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