50 min

What Silvergate & SVB Crisis Means for Crypto, According to Crypto Bank Insider - with Ram Ahluwalia, Lumida, Ep. 234 The Blockcrunch Podcast

    • Business

In the past month, the banking sector experienced its most turbulent period since 2008. Major crypto-friendly banks, including Silvergate, Silicon Valley Bank, and Signature, have gone under, while the 170-year-old Credit Suisse stands on the brink of being absorbed by its main competitor, UBS.
 
Are we witnessing a reenactment of the 2008 financial crisis? Will the BTFP Fed program ignite another bull run? Or, could we be entering a phase of hyperinflation where Bitcoin's value surges to $1 million within 90 days, as predicted by Balajis, the former CTO of Coinbase?
 
Today on Blockcrunch, we have Ram, CEO of Lumida who was also previously the Head of Crypto at Cross River, one of the remaining crypto-focused banks, and also the Vice President at Merril Lynch to help us separate signal from noise:
Overview of the entire banking situation
Will BTFP introduce liquidity into the market
What will happen to the crypto markets
 
Host: Jason Choi @mrjasonchoi . Not financial advice.
 
 
Timestamps:
(00:00:00) – Introduction to Ram
(00:04:14) – Why are banks falling?
(00:08:55) – Deliberate crypto crackdown
(00:15:59) – Is BTFP actually Quantitative Easing
(00:24:18) – FED’s ability to continue rate hikes
(00:29:21) – Can Bitcoin hit $1m in 90 days
(00:32:29) – What is going on with Credit Suisse
(00:38:57) – Tying everything back to crypto



Sponsor message:
Filecoin is enabling open services for data, built on top of IPFS.
 
Today, Filecoin focuses primarily on storage as an open service, but looks to build the infrastructure to store, distribute and transform data.
 
Join the Space Warp program (Live until March 2023) to be among the first to build on the Filecoin Virtual Machine (FVM) https://spacewarp.fvm.dev/
 
 
More Resources:
Guest
Ram Ahluwalia’s Twitter: https://twitter.com/ramahluwalia

 
 
Blockcrunch
Blockcrunch VIP: https://blockcrunch.substack.com/
Blockcrunch Twitter: https://twitter.com/theBlockcrunch
Jason Choi’s Twitter: https://twitter.com/mrjasonchoi
 
 
Disclaimer:
The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.
 
Full disclaimer: https://blockcrunch.substack.com/about
 

In the past month, the banking sector experienced its most turbulent period since 2008. Major crypto-friendly banks, including Silvergate, Silicon Valley Bank, and Signature, have gone under, while the 170-year-old Credit Suisse stands on the brink of being absorbed by its main competitor, UBS.
 
Are we witnessing a reenactment of the 2008 financial crisis? Will the BTFP Fed program ignite another bull run? Or, could we be entering a phase of hyperinflation where Bitcoin's value surges to $1 million within 90 days, as predicted by Balajis, the former CTO of Coinbase?
 
Today on Blockcrunch, we have Ram, CEO of Lumida who was also previously the Head of Crypto at Cross River, one of the remaining crypto-focused banks, and also the Vice President at Merril Lynch to help us separate signal from noise:
Overview of the entire banking situation
Will BTFP introduce liquidity into the market
What will happen to the crypto markets
 
Host: Jason Choi @mrjasonchoi . Not financial advice.
 
 
Timestamps:
(00:00:00) – Introduction to Ram
(00:04:14) – Why are banks falling?
(00:08:55) – Deliberate crypto crackdown
(00:15:59) – Is BTFP actually Quantitative Easing
(00:24:18) – FED’s ability to continue rate hikes
(00:29:21) – Can Bitcoin hit $1m in 90 days
(00:32:29) – What is going on with Credit Suisse
(00:38:57) – Tying everything back to crypto



Sponsor message:
Filecoin is enabling open services for data, built on top of IPFS.
 
Today, Filecoin focuses primarily on storage as an open service, but looks to build the infrastructure to store, distribute and transform data.
 
Join the Space Warp program (Live until March 2023) to be among the first to build on the Filecoin Virtual Machine (FVM) https://spacewarp.fvm.dev/
 
 
More Resources:
Guest
Ram Ahluwalia’s Twitter: https://twitter.com/ramahluwalia

 
 
Blockcrunch
Blockcrunch VIP: https://blockcrunch.substack.com/
Blockcrunch Twitter: https://twitter.com/theBlockcrunch
Jason Choi’s Twitter: https://twitter.com/mrjasonchoi
 
 
Disclaimer:
The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.
 
Full disclaimer: https://blockcrunch.substack.com/about
 

50 min

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