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Ep 57: Balaji Srinivasan on the Origins & Severity of the Bank Crisis, the Future of Bitcoin, and "Make America States Again"

Joe Lonsdale: American Optimist

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How to Hedging Cryptocurrencies

The Fed and the treasury assured everybody that they were going to have low rates for a long time come on in by billions and billions of dollars at 1% interest rates. And then what happened was even six months later by early 2022, they totally reversed and started hiking rates to the moon. So it's like this enormous centralized thing is like lemmings just going off a cliff. The people who are left at these institutions are not thinking about like creative hedges,. These are rule following people who essentially what happened was Fed lied, bank staid in mid 2021.

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