6min chapter

My First Million cover image

Part 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks

My First Million

CHAPTER

Belanger's Argument for Hyperinflation

There are 333 community banks in the United States. If there was a bank run on any one of these, we would have the same problem that we had first at Silicon Valley Bank. I don't think a lot of people understand what happens globally when the global reserve currency hits high inflation or hyperinflation. It's just that in the US, we've never thought about it.

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