Bitcoin Weekly Outlook: March 10, 2023: Are banks cutting off Bitcoin?

Matt and Mike discuss the fall of Silvergate Bank and its’ impact on the space.  Also discussed are Senator Lummis’ part of a hearing on Bitcoin energy use, and how energy producers are using Bitcoin mining to improve the electrical grid.

00:39 – Silvergate Bank is insolvent and will be shutting down. 

38:50 – Senator Cynthia Lummis in a hearing about use of energy for crypto mining

1:01:25 -  Former head of Ercot talks about how Bitcoin mining helps the energy grid.

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