What Silvergate & SVB Crisis Means for Crypto, According to Crypto Bank Insider - with Ram Ahluwalia, Lumida, Ep. 234

<p dir="ltr">In the past month, the banking sector experienced its most turbulent period since 2008. Major crypto-friendly banks, including Silvergate, Silicon Valley Bank, and Signature, have gone under, while the 170-year-old Credit Suisse stands on the brink of being absorbed by its main competitor, UBS.</p> <p dir="ltr"> </p> <p dir="ltr">Are we witnessing a reenactment of the 2008 financial crisis? Will the BTFP Fed program ignite another bull run? Or, could we be entering a phase of hyperinflation where Bitcoin's value surges to $1 million within 90 days, as predicted by Balajis, the former CTO of Coinbase?</p> <p dir="ltr"> </p> <p dir="ltr">Today on Blockcrunch, we have Ram, CEO of Lumida who was also previously the Head of Crypto at Cross River, one of the remaining crypto-focused banks, and also the Vice President at Merril Lynch to help us separate signal from noise:</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Overview of the entire banking situation</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Will BTFP introduce liquidity into the market</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">What will happen to the crypto markets</p> </li> </ul> <p> </p> <p dir="ltr">Host: Jason Choi @mrjasonchoi . Not financial advice.</p> <p dir="ltr"> </p> <p dir="ltr"> </p> <p dir="ltr">Timestamps:</p> <p dir="ltr">(00:00:00) – Introduction to Ram</p> <p dir="ltr">(00:04:14) – Why are banks falling?</p> <p dir="ltr">(00:08:55) – Deliberate crypto crackdown</p> <p dir="ltr">(00:15:59) – Is BTFP actually Quantitative Easing</p> <p dir="ltr">(00:24:18) – FED’s ability to continue rate hikes</p> <p dir="ltr">(00:29:21) – Can Bitcoin hit $1m in 90 days</p> <p dir="ltr">(00:32:29) – What is going on with Credit Suisse</p> <p dir="ltr">(00:38:57) – Tying everything back to crypto</p> <p><strong><br /> <br /></strong></p> <p dir="ltr">Sponsor message:</p> <p dir="ltr">Filecoin is enabling open services for data, built on top of IPFS.</p> <p><strong