Is the Traditional Financial World Collapsing? - Bad News For March 13, 2023

The Bad Crypto Podcast

Joel Comm and Travis Wright

Tech News, Business, News, Technology, Investing

4.7 • 1.2K Ratings

🗓️ 13 March 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Silvergate Bank. Silicon Valley Bank. Signature Bank. All three of them totally screwed the pooch. And all three of them are on and off ramps for crypto. What’s the moral of the story? Don’t trust your money at any bank that starts with an “S”

But all kidding aside, along comes the government with another bailout. USDC unpegged for a time over the weekend. And even tether is being wonky.

What does all this mean to the world of crypto and blockchain? Join us today for keen and less-than-worthy analysis on our Bad News episode #673 of The Bad Crypto Podcast.

FULL SHOW NOTES: badco.in/673

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DISCLAIMER:
Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

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Transcript

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0:00.0	Would you like to get paid to listen to this podcast?
0:02.9	Grab the fountain app for free and get all our badness,
0:06.3	but earn some sweet Satoshi's.
0:08.3	Download for free now at fountain.fm.
0:11.4	Silvergate Bank, Silicon Valley Bank,
0:14.3	Signature Bank, all three of them totally screwed the pooch,
0:18.4	and all three of them are on an off-ramps for crypto.
0:21.9	So what's the moral of the story?
0:23.8	Do not trust your money in any bank
0:27.1	that starts with the letter S.
0:29.8	But all kidding aside,
0:31.1	a long comes the government with yet another bailout.
0:34.9	USDC even unpagged for a time over the weekend,
0:38.2	and guess what, even Tether is being wonky.
0:41.3	What does all of this mean to the world of crypto and blockchain?
0:45.0	Join us today for keen and less than worthy analysis
0:48.8	on our bad news episode number 673 of the bad crypto podcast.
0:55.4	5, 4, 3, 2, 1, 2, 3, 2, 1, 2, 3, 2, 1.
1:03.8	Boost Bad!
1:25.4	Okay, the bad crypto podcast, yeah, we get it. Hey, talking Bitcoin with Joe comment Travis, right? Yeah digital money and blockchain. Keep you informed and entertain. Make you think make you laugh. But remember, stay bad.
1:39.4	The bad crypto podcast. Let's go.
1:43.4	Hello friends, Lord Joel and Lord Travis here for another episode of the bad crypto podcast. This one coming hot on the heels of a weekend that will go down in infamy. Hello, Travis.
	...

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