1. PixelPlaygroundHome
  2. Metaverse Insights

Short Investor Predicts Closure of Silvergate Bank

• Metaverse Insights • 118 views

It is reported that Marc Cohodes, a short investor who has been short of Silvergate since last year, said that Silvergate Bank is expected to close within a we…

Short Investor Predicts Closure of Silvergate Bank

It is reported that Marc Cohodes, a short investor who has been short of Silvergate since last year, said that Silvergate Bank is expected to close within a week. Cohodes said, “I would be very surprised if Silvergate Bank opened next week”.

Silvergate short: Silvergate Bank is expected to close within one week

Interpretation of the news:


Marc Cohodes, a well-known short investor, has made a statement regarding Silvergate Bank’s potential closure. Cohodes has reportedly been shorting Silvergate since last year and has now claimed that the bank’s days are numbered. In his statement, Cohodes said that he would be “very surprised” if Silvergate Bank were to open the following week, implying that the bank’s closure is imminent.

Cohodes is known for his ability to spot weaknesses in companies and bet against them. Therefore, his statement regarding Silvergate Bank’s closure should not be taken lightly. Cohodes has a reputation for being an astute investor, and he believes that Silvergate Bank’s fate is sealed. If Cohodes’ prediction turns out to be true, it will have significant implications for the banking sector.

Silvergate Bank is a digital currency exchange and custodian that provides services to institutional investors. The bank’s CEO, Alan Lane, has been bullish about the future of the digital currency sector, and the bank has been expanding its services to meet the growing demand for digital currency investments. However, Cohodes believes that Silvergate’s expansion is unsustainable and that the bank is on the verge of collapse.

Cohodes’ statement has already had an impact on Silvergate’s stock price, which fell by over 5% following the news of its potential closure. The bank has not responded to Cohodes’ claims, but its investors will be closely monitoring the situation.

Cohodes’ prediction raises questions about the resilience of the digital currency sector and the risks associated with investing in it. While digital currency investments have seen tremendous growth in recent years, they are still relatively new, and there are concerns about their long-term viability. If Silvergate Bank were to close, it would be a blow to the sector’s credibility and could lead to a loss of investor confidence.

In conclusion, Marc Cohodes’ prediction that Silvergate Bank will close within a week is a significant development that could have far-reaching implications for the digital currency sector. Given Cohodes’ reputation as a skilled investor, the possibility of Silvergate Bank’s closure cannot be taken lightly. The situation is one to monitor closely, especially for those with investments in the digital currency sector.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/5095/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/05/2023 01:40
Next 03/05/2023 01:49

Recommended articles