Bitcoin Hits 1 Million Dollars by June 17th

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A user named James Medlock tweeted the following on March 16th: $1 million that the US does not enter hyperinflation. The bet is that Bitcoin will hit 1 million in 90 days by June 17th. And for reference, Bitcoin is trading at about $28,000 right now. He only needs to see Bitcoin go up 4% to cover the loss from the bet. Anything above 4% increase, he is profit for his Bitcoin holdings.

Rachel Reporting joins Jason to read the news! First, they give an update on the banking crisis and how it’s impacting startups (1:34). Then, they cover Balaji’s huge Bitcoin bet and his predictions for the future (14:17) before breaking down OpenAI’s launch of GPT-4 (35:07). Finally, Jason wraps up with some Jay Trading updates (57:28)!

(0:00) Jason kicks off the show

(1:34) Banking crisis update & how it affects startups

(10:11) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(11:14) Best practices for banking

(14:17) Balaji’s huge Bitcoin bet

(22:18) LinkedIn Jobs - Post your first job for free at https://linkedin.com/twist

(23:42) Balaji’s predictions for the future

(32:41) Ray Dalio’s The Changing World Order

(33:46) CacheFly - Get 10 Terabyte free forever if you signup at http://twist.cachefly.com

(35:07) A breakdown of OpenAI’s launch of GPT-4

(57:28) Jay Trade update

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