i love Balaji but US literally has never experienced hyperinflation this would be unprecedented — and i don't think that we are in unprecedented times yet maybe his definition of hyperinflation differs from the commonly accepted 50% per month i don't see US printing twice as many dollars as is already printed
90 days doesn’t seem like a long time. otoh we went from basically ignoring covid to global lockdowns within that same amount of time so ¯\_(ツ)_/¯
bought some Bitcoin if he's right but I don't think he will be
I disagree but respect the skin in the game commitment to the prediction
Disagree with him, but if the Bitsignal gets more people learning about / questioning TradFi, it’s healthy and honestly needed.
Enjoy a lot of Balaji’s thinking, but hope he loses this one. For obvious reasons.
Whether he is right or not he is pumping a lot of people’s bag - at the very least he gained some popularity!
between 1 million in 90 days (without knowing it's purchasing power) or 1 btc today, I'm going with 1 million. how about you?
Not too cynical about him bag pumping, think he’s a true idealist from my parascocial knowledge of him - but he’s too early. Think the fed will get on top of bank insolvency before a cascade starts. The pending employment crisis could create a nasty feedback loop for the man in the street, but banks will live
i'd take the opposite side of the bet if offered 😄 i do think we're headed for some serious rough times ahead, but his prediction is a couple of orders of magnitude higher than mine