Balaji Srinivasan is back on Bankless with alarming takes. According to Balaji, in the next 90 days, the Dollar will hyperinflate—and the Bitcoin price will skyrocket to $1 Million.
He’s backed up these claims with a million dollar bet. With these dire predictions and a track record of strong takes, we needed to hear him out.
Who should we bring on next to counter these claims?
------ 🚀 JOIN BANKLESS PREMIUM: https://www.bankless.com/join
------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken
🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap
👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist
🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask
🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi
——— Timestamps:
0:00 Intro 7:50 Weeks when Decades Happen 9:30 $1 Million Bitcoin Bet 16:20 Balaji’s Track Record 19:00 Pandemic https://twitter.com/balajis/status/1222921758375927808 23:15 Hyperinflation https://twitter.com/balajis/status/1636797265317867520 27:50 US Banking Failure https://twitter.com/balajis/status/1636822077775941633 32:50 The Banks are Insolvent https://pbs.twimg.com/media/FrXKYKcakAAdJwe?format=jpg&name=medium https://twitter.com/balajis/status/1637671174271565825 35:38 More Failure, More Funding https://archive.is/0Jww3#selection-731.0-731.286 40:30 FDIC and the Fed https://www.telegraph.co.uk/news/worldnews/europe/eu/10874230/Jean-Claude-Juncker-profile-When-it-becomes-serious-you-have-to-lie.html https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm 44:18 Bank Runs https://qz.com/the-feds-discount-window-is-lending-to-banks-at-2008-le-1850237214 https://twitter.com/balajis/status/1637859435149398016 https://www.straitstimes.com/business/banking/wall-street-giants-move-to-rescue-first-republic-bank https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm 52:25 Escaping to Gold https://twitter.com/spectatorindex/status/1637544100663803904 57:50 Exporting Inflation https://www.theguardian.com/lifeandstyle/2011/jul/17/bread-food-arab-spring https://www.wsj.com/graphics/red-economy-blue-economy/ https://howmuch.net/articles/rise-and-fall-dollar 1:04:30 Bitcoin in Wartime https://pbs.twimg.com/media/FrrfQuaaUAEFYev?format=jpg&name=medium 1:10:45 Capital Allocation https://twitter.com/balajis/status/1488988253411708931 1:13:30 The Only Real Banks https://twitter.com/koeppelmann/status/1637898298005626881 1:20:49 Why Now? https://twitter.com/balajis/status/1637329482687324161 https://twitter.com/balajis/status/1637868839890472960 https://twitter.com/0xfoobar/status/1637855829750628353 https://www.google.com/search? q=sivb&oq=sivb&aqs=chrome..69i57j0i10i131i433i512l2j0i10i512l2j69i64l3.1066j0j7&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=usd+btc&oq=usd+btc&aqs=chrome..69i57j0i512l4j69i64l3.1207j1j7&sourceid=chrome&ie=UTF-8 1:28:15 Do This Now https://twitter.com/MaxCRoser/status/1355652800588505089 1:34:52 A Year From Now https://www.youtube.com/watch?v=PHe0bXAIuk0
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures