Bankless NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero
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Mar 21, 2023 
Balaji Srinivasan, a pioneering computer scientist and crypto entrepreneur, shares shocking predictions: the US dollar may hyperinflate and Bitcoin could hit $1 million within 90 days. He discusses the current banking failures, arguing they highlight systemic instability and ignorance. Balaji emphasizes Bitcoin's potential as a safe haven amidst this chaos, advocating for a reevaluation of traditional financial practices. His bold claims challenge listeners to consider cryptocurrencies in a changing economic landscape.
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Banking System Compared to FTX
- Balaji compares the US banking system to FTX, alleging similar fractional reserve issues.
- He claims that if everyone withdrew their money simultaneously, banks couldn't fulfill the demand.
Invest in Crypto
- Balaji advises moving assets into cryptocurrency, recommending Bitcoin as a lifeboat.
- He predicts the emergence of fiat-only, Bitcoin-only, and crypto-free zones.
Balaji's COVID Prediction
- David recalls Balaji's early warnings about the COVID crisis in January and February 2020.
- This highlights Balaji's track record of making contrarian predictions that later prove accurate.