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The Future of Bitcoin Amid U.S. Banking Sector Concerns

The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has left many regional banks reeling. Angel investor and MythOfMoney.com author Tatiana Koffman joins “All About Bitcoin” to discuss her last opinion piece on CoinDesk, titled "Bitcoin Was Built for This Moment."

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Bitcoin's Price Rallies 15% in Past Week

Bitcoin (BTC) has risen roughly 15% in the past seven days. This comes as the dollar value locked in the number of open bitcoin futures contracts is rising, signifying increased speculative interest in the market and potential for price volatility. "All About Bitcoin" host Christine Lee breaks down the "Chart of the Day."

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Bitcoin Has Risen Nearly 70% Year-to-Date

Bitcoin (BTC) is briefly topping $28,000, after the largest cryptocurrency by market capitalization has risen 14% in the past week. Kyle Clark, Investment Advisor Representative at wealth advisor Gerber Kawasaki, breaks down the bullish sentiment and the “three-point chokehold" crypto is currently going through. Plus, reactions to former Coinbase CTO Balaji Srinivasan's $1 million bitcoin prediction and outlook on the Federal Reserve's upcoming interest rate decision.

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Warren Buffett in Talks With White House on Banking Crisis: Bloomberg

Berkshire Hathaway CEO and billionaire investor Warren Buffett is in contact with senior officials within President Joe Biden’s administration, according to Bloomberg. This comes as the White House grapples with elevated concerns of a banking crisis. "The Hash" panel discusses the latest reporting.

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Sen. Warren Says Jerome Powell has ‘Failed’ and Should Not Be Fed Chair

Sen. Elizabeth Warren (D-Mass.) said in an interview with NBC's "Meet the Press" on Sunday that Federal Reserve Chair Jerome Powell has "failed" in his role as a central bank leader. "The Hash" panel discusses Warren's remarks and the possible implications for global finance.

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Balaji Srinivasan Predicts Bitcoin's Price Will Hit $1M

Balaji Srinivasan, former Chief Technology Officer at Coinbase, is wagering that bitcoin (BTC)'s price would benefit from the devaluing of the U.S. dollar and can reach a $1 million milestone by June 17. "The Hash" panel discusses Srinivasan's bullish bet on the largest cryptocurrency by market capitalization.

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Open Interest in Bitcoin Futures Reaches Yearly High of $12B: Coinglass Data

The dollar value locked in the number of open bitcoin (BTC) futures contracts is rising, signifying increased speculative interest in the market and potential for price volatility. Data from Coinglass shows that the nominal value of open interest has reached a yearly high of $12 billion, marking a 7% gain for the month. "The Hash" panel discusses what this means for the biggest cryptocurrency by market capitalization and the wider crypto market.

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Balaji Srinivasan's Major Bitcoin Bet

Delphi Digital co-founder Tom Shaughnessy reacts to entrepreneur Balaji Srinivasan responding to pseudonymous Twitter pundit James Medlock's tweet betting "anyone $1 million dollars that the U.S. does not enter hyperinflation." "I think he studied a lot of hyperinflation over the years and saw this as probably the best time for his call to action on alerting people [about] the difference between central banks and decentralized currencies," Shaughnessy said.

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Former White House Official Reacts to 'Choke Point 2.0' Concerns

Former White House National Security Council Director of Cybersecurity and Secure Digital Innovation Carole House reacts to concerns raised by crypto advocates, called "Choke Point 2.0," over whether federal regulators could be coordinating to keep crypto assets away from the U.S. banking system. "From my time at the White House, what I saw was a really balanced approach," House said.

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Custodia Bank’s Caitlin Long on Banking Sector Jitters

Custodia Bank founder and CEO Caitlin Long discusses the ongoing jitters in the banking sector following the scrutiny of crypto-friendly Silvergate and Signature banks. "By going after the crypto industry...there was definitely predatory behavior...and they didn't realize just how fragile the traditional banking system is," Long said.

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