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104: Balaji $1m Bitcoin Bet, Banking Crisis, Ryan Reynold’s Business Empire & GPT-4
Not Investment Advice
Bitcoin Is a Hedge Against the Federal Reserve Going Crazy
The idea of Bitcoin being a hedge for inflation didn't necessarily end up being true so far anyway. Stanley Druckenmiller, who famously broke the Bank of England in the early 90s, said he never understood the value proposition of Bitcoin. The price of Bitcoin did not inflate in the way that you'd want as a hedge. If it goes to that place, we got a lot of bigger problems than just the minus black.
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