With bitcoin and other crypto assets having entered a so-called ‘crypto winter’, DICK BOVE, chief financial strategist at Odeon Capital Group, explains what's behind the sharp decline in crypto values. Although there was some slight recovery early this week, crypto losses so far have been cruel and brutal for investors. Bitcoin reached just over $25,000—its lowest point since July 2020—last Thursday, its lowest point since the summer of 2020. Last week, some $200 billion in crypto assets were erased following the collapse of "stablecoin" TerraUSD.

Also in this episode, BOVE discusses his latest in-depth research on the US financial system, examining three distinct periods in recent history and the major impact of the pandemic with massive money printing and the Treasury deficit. BOVE describes the risks of a recession and the major beneficiaries of an economic recovery, in particular, the Treasury, Federal Reserve and the US banks. MAT VAN ALYSTYNE, Odeon co-founder and managing partner, joins this Conversation along with journalist, JOHN AIDAN BYRNE.