Can somebody ELI5 the whole Silvergate situation to me? πŸ‘€πŸ˜…

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Simple they took everybody's money.🀣🀣🀣🀣

🀣🀣

Silvergate is a bank , now it doesn’t have silver nor a gate πŸ˜‚

lmao πŸ€£πŸ’œ

πŸ˜‚πŸ˜œ

They already have gate in the name like Watergate. The twitter tag should be #SilvergateGate lol

Pizzagate πŸ‘€

alligate 😜

πŸš¨πŸπŸ•πŸš¨

If I speak, I’m in big trouble

All these traditional banks offering bitcoin now to their clients. I feel sorry for their clients because in the future they're gonna get rugged pulled..

You give me your bitcoin, I give you a defi token and everyone is happy. Until they're not.

β€œbut muh APY rate…”

A bank failed. It happens.

🫠 sucks bad for the clients probs

I think they had mostly if not only institutional clients

bank no have money promised, bank lied, bank broke.

best buy bitcoin.

(AFAIK)

seems like a stable place to hold one’s money πŸ« πŸ’œ

Best analysis on the subject πŸ‘

thank you πŸ˜‚πŸ™