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
00:00
The Rise of Cryptocurrency
Florida Gov. DeSantis has talked about allowing state chartered banks to bank crypto companies. This solves several problems at one stroke, he says. It brings deposits back to red banks that are losing all the deposits to the to the too big to fail banks,. Second is it puts a Fed in a tough spot where either A, they have to allow that to happen and allow wires to go into something that they're trying to kill. Third is he could do something like Bitcoin dot Florida dot gov and Abbott could do somethinglike Bitcoin dot Texas dot gov as well. That's right. And there's rational people at the state level.
Transcript
Play full episode
