Bitcoin: A Dumb Bet

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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

Vinny Lingham joins Jason to break down the state of crypto’s de-platforming by the US government. They discuss recent happenings with Coinbase (2:13), Balaji’s Bitcoin bet (20:00), Binance (38:23), SBF (44:07), and more! Then, they wrap with a discussion about the coming balkanization of AI (52:54).

(0:00) Jason tees up today’s topics

(2:13) Coinbase’s Wells notice & the state of crypto

(8:08) Pilot - Get 20% off the first 6 months at https://pilot.com/twist

(9:36) Clarity within the crypto industry

(15:06) The future of Bitcoin in the US

(18:29) Orgspace - Get $2000 in credits at http://orgspace.io/twist

(20:00) Balaji’s bet and hyperinflation

(25:50) A debate on whether to short Coinbase

(36:52) Issuu - Sign up for free or get 50% off an annual premium account by using promo code twist at https://issuu.com/podcast

(38:23) CFTC sues Binance

(44:07) SBF’s indictment

(49:00) Why is the government clamping down on crypto?