Wall Street Splits Over Inflation’s Path
Bloomberg Businessweek
00:00
Cryptocurrency and Bank Deposits
There were two kinds of basic accounts that are an issue. The custodial account is like a safety deposit box in a bank. There's less dispute about that. Then there's the kind of deposit where you gave your crypto to an institution, boyager or Celsius and then you allowed that company to then lend it out. Great. You make a higher return than you could get anywhere else. But it turns out that in the fine print, you don't own that crypto anymore. We're waiting on the biggest problem to crop up. And that's 9.6 million customers of FTX.
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