Silvergate CEO Sees More Short-Term Pain for Crypto, But Remains Bullish on Bitcoin Lending

Silvergate CEO Sees More Short-Term Pain for Crypto, But Remains Bullish on Bitcoin Lending

Shares in Silvergate are down 42% this year, although they jumped 33% last week. VanEck Digital Transformation ETF (DAPP), which holds a basket of various crypto stocks, including exchange Coinbase ( COIN ) and miner Marathon Digital ( MARA ), has fallen 67% this year but is up 15% over the past week. Rising rates and fears of a recession have hurt global capital markets, especially stocks that are considered riskier. The technical-heavy Nasdaq Composite Index has retreated about 25% year-to-date.



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