After the correction was over, I told them to get back in, giving them the chance to turn $1,000 into $40,550, $122,930, and even $761,330. Now, I’m issuing the most important warning of my career: An unprecedented event is about to hit the crypto market… one that will trigger an historic panic.
In this mailbag edition, Jeff breaks down how ChatGPT works and whether it is a threat to our private information. And one reader wants to know how the ”Fed Coin” will affect the entire digital currency system and investments in the sector when it rolls out.
Yes, the stock chart of Credit Suisse looked like a waterfall cascading into the depths of a dark pool. But what was far more interesting was the chart of a Credit Suisse 1 year credit default swap (CDS). It looks like a rocket ship headed to orbit.
There was a $620 billion hole in the banking industry. And the FDIC knew about it last year. The liquidity crunch at SVB is just a drop in the bucket. This is a gargantuan problem.
The reality was that the negative impact on the entire industry driven by the highly antagonistic regulatory environment towards digital assets was largely the culprit. Given Silvergate’s heavy exposure to the digital asset industry, when most of the industry is down, by default, so is Silvergate. It got so bad that the bank had to announce that it is...
I’ve never seen the early stage tech community in complete panic mode like the last three days. I was in contact with numerous founders over the weekend in an effort to sift through all of the information and help with damage control.
I’m telling you this because we’re at another crossroads for our nation’s infrastructure. In the 1930s, the Hoover Dam gave small companies the chance to grow bigger. And right now, legislation coming out of Washington is creating a similar opportunity.