3min chapter

"Moment of Zen"  cover image

E14: Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

CHAPTER

The FedNow CBDC Is Coming, Right?

The FedNow CBDC is coming. You have about 90 days to get to the exits, which is Bitcoin. If you don't, that devaluation will mean that you can't get your money out and the reserve currency becomes a RMB. And then China is the alternative because the level of instability that is going to come to the US after that devaluation is booked,. Whether it's that they allow dollars to go to, you know, $500 out low for bread or whether they just impose price controls so that there is no bread at all. So it's just shortages, right? I don't know. But what I do know is that the West is actually much, much

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