Silvergate CEO: Higher interest rates will boost earnings, sees more crypto volatility

Silvergate Capital CEO Alan Lane said Thursday that rising interest rates will likely boost the company's earnings, as its business model makes it one of the most interest-rate sensitive players in the industry. Speaking to CNBC, the head of Silvergate Capital (NYSE:SI) also predicted further volatility in the cryptocurrency market as the still-burgeoning asset class continues to attract new converts. Even with the chance for further swings in the crypto market, Lane highlighted the fact that other asset classes, like stocks, have had volatile runs lately. "It's not dissimilar to the volatility we're seeing in the broader financial markets," he said. Discussing the impact of volatility on his company's business, Lane said SI didn't need crypto to march steadily higher in order to turn a profit. "It doesn't matter if prices are going up or down," he noted, arguing that SI acts to connect exchanges with customers, with many of