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RE: Silvergate?
25
@mercadomaestro
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1 min read
Silvergate was built to fail, the moment I learned what they were two years ago, I was suspicious. Any legacy bank that prides itself on being the go-to for an entire industry (before other large investment banks began jumping in) raises eyebrows.
I also made some good money going long with call options on $SI back 2 years ago, thinking those days are never coming back haha.
There was also a large liquidation of $100M longs on Friday that helped push the price down really quickly, but it's never one thing that ultimately makes the USD-denominated price to buy Bitcoin change.
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