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.
These kinds of issues exist in just about every country, and they could benefit from a well-designed CBDC system. So, yes. There are absolutely benefits to a CBDC. And maybe just a few years ago, I probably would have been more optimistic about the employment of this technology.
The last decade has been rough for Intel. It missed the shift to mobile computing and smartphones. And an even bigger miss, if that’s possible, has been the shift towards artificial intelligence and machine learning.
And now it is being seen as a threat by China. Code named “GW”, which stands for Guo Wang – or “national network” – China has disclosed its plans to deploy its own answer to Starlink as quickly as possible.
During volatile periods like this, high volume can really send the market into overdrive. And that’s why I’m paying such close attention to this next shockwave.