NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero

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:
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