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 

Hester Peirce is one of five SEC Commissioners. She's been a Commissioner since 2018, with her term ending in 2025. Peirce, a previous podcast guest of Bankless, consistently makes first principles statements and is known to often dissent for her colleagues on crypto-related actions…we talk about that in today’s episode. These are a couple of many reasons why we enjoy her and her guidance so much.  ------ ✨ DEBRIEF | Unpacking the episode:  https://shows.banklesshq.com/p/debrief-hester-peirce    ------ ✨ COLLECTIBLES | Collect this episode:  https://collectibles.bankless.com/mint  ------ We’re three months into 2023 in one of the worst regulatory environments we’ve seen for crypto in the United States. In today’s episode, SEC Commissioner, Hester Peirce shares some insight on what crypto could be like if we had a first principles SEC, what a security is and how we can define it, and how can crypto take its share of the responsibility to move this industry forward.  Commissioner Peirce was on the show two years ago…Apr 12, 2021. Today’s second appearance is one you do not want to miss.  ------ 🚀 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 | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ Topics Covered 0:00 Intro 8:25 Thoughts on Bank Crisis 9:30 Why We Need the SEC  11:40 Information Asymmetries 13:20 Healthy Crypto/SEC Relationship 17:15 SEC Security Definition  20:52 Security Catch-22  25:40 Expanding Jurisdiction  28:35 SEC Advocation  35:03 Dissent SEC Sway 39:36 Kraken Staking  43:36 Guidance vs. Enforcement  46:15 Stablecoin Status  47:43 What Crypto Could Be Doing Better? 51:12 Decentralization  53:49 Self-Regulation  55:24 Duke Speech  57:59 Closing  ------ Resources: Hester Peirce https://twitter.com/HesterPeirce  ----- 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