2min chapter

Bankless cover image

NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero

Bankless

CHAPTER

The Fourth Turning Idea

"This just kind of feels very fourth turning," he says. "Good times make week men and week men make bad times." The bet that Bitcoin hits $1 million inside of 90 days isn't a bet about Bitcoin, it's a bet about the devaluation of the dollar,. He also 100% agrees with Ray Dalio's whole idea of macro power cycles.

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