Michael Turner 
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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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation #cardano #cryptocurrency
It is pronounced "La Hoya" lol. It's okay. you have to live there to know
F Silvergate. Get 'em outta here. Deal with the pain and come out the other side better. Politicians won't go after them. They're most likely the vehicle needed to wreck the space to flush out the slaves looking for a better way, and bring in suffocating regulation.
never wear this jacket while doing a report of this kind again!! haha but for real
Just here to roast Ben for the jacket 😂. Very interesting and informative video though.
if that guy didnt buy shrums back then btc would fail
Bem you are such a bad presenter hopping up and down and reading from the display not looking at the audience xD
Love watching you follow the money! Wow, this will make a complicated movie someday.
Man this channel ages like fine wine
The jacket isn't that bad 😉👍
Two weeks ago a lot of SBF news, now "0", what happened, got scared, got paid to silence…..???? Extremely suspicious…..!
That guy you like is Senator Kennedy of Louisiana!
Anice buyout for new players that enter now the game. All the big customers for much less cost, with less workforce.
When you find out the biker dude in leather is a crypto nerd.
Ja Loga? Like in the orville?