4min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Fragileness of the US Banking System

The SEC has got to cover and be a little bit more active instead of reactive when it comes to dealing with the crypto losses that consumers had. Chabath: I think this is like a lot of tin-hating, which I don't think is very productive. Most people in Bitcoin are not trying to hedge their existing fiat currency exposure. They're just picking off people in retail and they're just trading this thing. We have broken a ton of the systems that cause the financial infrastructure and the world to work properly. And we are just starting to uncover how they're broken.

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