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Crypto’s de-platforming and the balkanization of AI with Vinny Lingham | E1710
This Week in Startups
Bitcoin: A Dumb Bet
He's basically saying the government is going to have to turn on the money printers in an absolute emergency crisis and bail out trillions of dollars. That would contribute to 50 plus inflation in a given month, which then puts the price of Bitcoin up to a million dollars. Is it realistic? I'm not sure. If the money printers go burr, he's not wrong. It's a stupid bet. You can always hedge it right. So it's a dumb bet. Yes, I did. I bought some Bitcoin call options for end of June. For $300 you have the option to buy a Bitcoin for 50K. But Bitcoin goes to 100,000. My 300 dollars becomes 50
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