3min chapter

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104: Balaji $1m Bitcoin Bet, Banking Crisis, Ryan Reynold’s Business Empire & GPT-4

Not Investment Advice

CHAPTER

Is This a Losing Bet for the Meme?

This is a losing bet no matter what. If Bellagia believes that Bitcoin would be worth a million dollars in 90 days, he would just buy 36 Bitcoin right now. To me, he's not just trying to bet on this one individual use case or this one individual scenario,. sorry, it's more about him creating the meme and creating the thing that moves it in that direction. And so therefore, him moving the world through the idea of that meme and putting fire behind that meme will move things along towards a world where he might want that or he will gain because he has 100 million plus in Bitcoin.

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