Avoiding the Real Banking Iceberg

The Tip of the Iceberg

We’ve been saying for months that access to funding would be one of the biggest risks to the crypto industry this year. Never has that been more relevant than right now.

But the storyline here is bigger than crypto. It’s even bigger than the banks. This is a story about the evolution of economies, our reliance on debt, and the corner we’ve gradually backed ourselves into, leaving the best path forward a choice between two evils rather than a triumphant declaration of growth and prosperity.

Debt is the backbone of our economy, which means any disruptions to the flow of credit are disruptions to economic growth. When credit conditions tighten, it can have substantial ripple effects on everything from businesses to jobs to consumers to investors. If the US economy is an engine, credit is the oil. Without it, the car won’t run.

Aging demographics and productivity declines have pushed the US econom