1 year ago

Get the "Ultimate Guide to Bitcoin" course:
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In this video, I discuss the ongoing collapse of Silvergate Bank, as it loses corporate clients and teeters on the edge of bankruptcy. Silvergate was mortally wounded by the collapse of FTX, which was one of its biggest clients.

When you do business with shipcoiners/altcoiners like Sam Bankman-Fried, you are fishing in a very dirty pond indeed. Shipcoiners are usually greedy fiat-minded types, high time preference, not very smart, and often also sociopaths like SBF, Mashinsky, and Do Kwon.

The best way to avoid counter-party risk today and always is to self-custody your Bitcoin. Withdraw it from the exchange or app and hold it on a hardware wallet like the Trezor, Blockstream Jade, or ColdCard wallet.

Bitcoin works best as a bearer asset like this. When you hold your own private keys, you can sleep well at night and not worry about implosions like Silvergate.

By focusing on Bitcoin only, you can avoid all the drama and corruption of "crypto."

Not investment advice! Consult a financial advisor.

The Best Ways To Store Small and Medium Amounts of Bitcoin:

• The Best Ways To ...

Best Way To Store Large Amounts of Bitcoin (Multi-Sig):

• Best Way To Store...

Silvergate Bank:
https://www.silvergate.com/

Silvergate, crypto, and FTX:
https://ustoday.news/silvergate-from-...

Silvergate Exodus Worsens After Bank Questions Its Own Survival:
https://www.bloomberg.com/news/articl...

Silvergate most recent SEC filing:
https://d18rn0p25nwr6d.cloudfront.net...

MicroStrategy's exposure to Silvergate is limited:
https://twitter.com/MicroStrategy/sta...

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashbo...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Silvergate
#bitcoin
#crypto

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