The collapse of Silvergate, Signature, and Silicon Valley Bank drained crypto liquidity and crashed prices on solid blockchain projects. The speaker's team moved fast to buy these discounted assets, staying bullish on the technology despite the chaos.
Chapters
There's blood all over the streets right now. And it's actually, we, that makes us so excited though. I know people don't realize that Silvergate, Signature, and Silicon Valley Bank, they were in charge of, I don't know, 80 to 90% of all crypto in the United States. We were up late all those nights, like that whole weekend we were working, you know, to try to watch and get news and like, where are we gonna move and thinking through our positions and how we're gonna structure. Like we are grabbing positions at such discounts of really good technology, really good utility. So anyways, and obviously I'm optimistic. We're generally long on crypto most of the time. And, but it's, we're pretty excited.