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

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.

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