5min chapter

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Balaji’s $1M Bitcoin bet, banking crisis update, OpenAI launches GPT-4, and Jay Trading! | E1702

This Week in Startups

CHAPTER

Is He Wearing Shorts and Shorts?

The Fed is devaluing the dollar. It's what Dalia predicted monetization of the debt. This isn't about making money at all. It's about getting innocence to Bitcoin lifeboats before the Fed crashes the ship. He gave an in person speech, which the speech wasn't circulated, but his outfit was on Twitter. And now I'm not an expert on this, but it's pretty obvious that those three mistakes were made. Too much money was printed and they waited too long to raise rates. The banking system broke? We have to play cleanup here.

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