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Rabbit Hole Recap #244: Bitcoin Fixes This

Rabbit Hole Recap

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Silvergate, Silicon Valley Bank and Signature

Silvergate gets run on first. The run starts in November. Over $8 billion is getting pulled out of their bank. Peter Thiel tells everyone to withdraw because of social media. It spreads like water. Silicon Valley Bank was a lot quicker. Silvergate tried to do some kind of risk management, but they failed on the execution. They spooked the market.

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