4min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Risks of the Debt Ceiling Vote

There are other places to then put your capital that's not just Bitcoin. There are many businesses that sell products in non-dollar denominated currencies globally. While they report and trade on US stock exchanges, you're buying a security interest in a business that generates most of its income. If people in DC could get together today, and if you could, instead of doing the typical last minute 24-hour vote a day before the debt ceiling needs to be increased, it could start to put in some of the layers of backstop and coverage and safety that the markets really need for months ahead.

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