Chapter
Balaji Srinivasan's Bitcoin Bet
47:43 - 50:58 (03:15)
Balaji Srinivasan has recently placed a $250,000 bet that Bitcoin will surpass Berkshire Hathaway’s market cap by 2023, causing controversy and risk of loss, but with the potential to gain profits even if the bet is lost, as long as Bitcoin increases by 3%.
Clips
Balaji Srinivasan bets that banks won’t let Nigerians buy Bitcoin with wired money following Nigeria's central bank's directive.
47:43 - 50:06 (02:22)
Summary
Balaji Srinivasan bets that banks won’t let Nigerians buy Bitcoin with wired money following Nigeria's central bank's directive. Despite the loss, he could still make a profit and raise awareness of his beliefs that the banking system is broken.
ChapterBalaji Srinivasan's Bitcoin Bet
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
In a conversation between two Bitcoin bulls, one explains how he doesn't own cash but rather real estate and equities during hyperinflation.
50:06 - 50:58 (00:52)
Summary
In a conversation between two Bitcoin bulls, one explains how he doesn't own cash but rather real estate and equities during hyperinflation. They also discuss how a fast transition to a new monetary system through Bitcoin could create chaos and would be detrimental to not just Bitcoin but everyone.