#9: US Bank crises, SVB Bank’s Collapse & TikTok’s Congress Hearing - How did Bitcoin remain resilient?

With the recent bank issues happening in the US, this week’s episode of NOTG is all about the latest news, specifically SVB Bank, Silvergate Bank, Signature Bank and of course Credit Suisse. Melvin Lim, Yu Rong, George and for the first time to the banter table, Marc, discusses feds and interest rates, good and bad debts, the rise of Bitcoin that somehow seemed to correlate with the bank situations.

(00:00:00) Introduction
(00:04:33) Latest Bank News in US
(00:18:48) US Congress session with Tiktok CEO
(00:31:27) Money Supply
(00:33:44) How is money created?
(00:34:56) Money is created when Money is being Loaned by the Bank
(00:35:44) Fractional Reserve Banking System
(00:36:34) US as Dominant Global Currency
(00:37:25) Asset Inflation
(00:40:10) Good Debt Versus Bad Debt
(00:42:00) Why you shouldn't pay off your property
(00:42:20) A Property Investment is a good debt
(00:43:13) Inelastic Supply and Elastic Supply
(00:46:00) Which type of Property is Softer?
(00:47:57) Q1-Q4 Framework to Understand What Property is what Quadrant
(00:55:50) People Lose Money in Overseas Property?
(00:57:40) Singaporeans should look home ground first
(00:58:00) Homework needed and Risk of investing in Foreign Properties
(00:58:30) Be careful of Guaranteed Rental Yield of Foreign Properties
(00:59:15) Strata Retail Shops Era
(01:00:07) No Proper Management Theory and Behaviour of Strata Malls
(01:03:42) Hoteling's Location Model
(01:11:50) What is BTC?
(01:13:10) Bitcoin is fully decentralised
(01:14:20) Bitcoin's Supply is fixed at 21 Million
(01:14:50) Bitcoin's Characteristics
(01:15:28) Why did Bitcoin's price increase when Bank's faces risk in US?

Watch the video on our NOTG YouTube Channel:
https://youtu.be/yVwo9LCNvus