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?

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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 

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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