5min chapter

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165 - Death of the Dollar?! with Lyn Alden

Bankless

CHAPTER

The Balaji to Ben Debate

Lin: Ben is similar to Arthur but my base case would not be a million Bitcoin in four years and then I'm pretty far from the 90 day hyperinflation scenario. In this scenario, banks have a lot of cash and treasuries and mortgage backed securities, basically very safe assets in general. But their mistake was buying these otherwise safe assets at very low interest rates that have long duration. So if interest rates go up significantly, those get marked down if they have to sell them between now and when they mature. That's why I kind of refer to it sideways. And so I don't think that trend change is going to be straight up unless you're some other big psychological issue

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