> During the crypto bust of 2022-23, which coincided with a spike in interest rates, three banks with ties to the crypto industry failed: Silvergate, Silicon Va

> During the crypto bust of 2022-23, which coincided with a spike in interest rates, three banks with ties to the crypto industry failed: Silvergate, Silicon Valley, and Signature This is disingenuous, at least Silicon Valley collapsed due to overreliance on bonds, whose prices fell as interest rates rose. Nothing to do with crypto.