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