Episode
Part 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
53:55
Published: Tue Mar 21 2023
Description
Episode 434 Part 1: In part one of today's show, Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) are joined by entrepreneur and Bitcoin investor Anthony Pompliano (@APompliano) to talk about the failing banks situation, Balaji Srinivasan's Bitcoin bet regarding banks, and digital catastrophes. Want to see more MFM? Subscribe to the MFM YouTube channel here. SHAAN'S NEW DAILY NEWSLETTER --> shaanpuri.com ----- Links: * Pomp substack * @balajis * Pomp Crypto Jobs * The Crypto Academy * Pomp Investments * @pompglobal (Instagram) * @pompofficial (TikTok) * The Pomp Podcast * Anthony Pompliano * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. ------ Show Notes: (07:00) - Who is Pomp? (07:45) - Balaji bet (17:20) - Failing banks (25:15) - Balaji's Reply to Shaan (37:35) - Digital catastrophes (45:45) - What are you doing in 90 days ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
In this podcast episode, they discuss a bet on Bitcoin's value reaching one million dollars in the next 90 days and share some entertaining anecdotes about it.
00:00 - 02:11 (02:11)
Summary
In this podcast episode, they discuss a bet on Bitcoin's value reaching one million dollars in the next 90 days and share some entertaining anecdotes about it.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
The speaker highlights how creating content enables you to connect with like-minded individuals while also learning from others.
02:11 - 05:03 (02:51)
Summary
The speaker highlights how creating content enables you to connect with like-minded individuals while also learning from others. It is an effective way to put out ideas and get feedback from constructive individuals.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
Learn about two podcasts to check out: Side Hustle Pro, hosted by Nikayla Matthews Okome and Marketing School, a daily marketing podcast brought to you by Neil Patel and Eric Su.
05:03 - 08:15 (03:12)
Summary
Learn about two podcasts to check out: Side Hustle Pro, hosted by Nikayla Matthews Okome and Marketing School, a daily marketing podcast brought to you by Neil Patel and Eric Su.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
The podcast discusses Balaji's bet on Bitcoin being a million dollars by February, and the host questions whether Balaji actually believes in it or is just making a bold statement.
08:15 - 11:51 (03:35)
Summary
The podcast discusses Balaji's bet on Bitcoin being a million dollars by February, and the host questions whether Balaji actually believes in it or is just making a bold statement.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
The speaker emphasizes the importance of writing engaging content that elicits a response from the audience, rather than being easily forgettable.
11:51 - 16:21 (04:30)
Summary
The speaker emphasizes the importance of writing engaging content that elicits a response from the audience, rather than being easily forgettable. They also acknowledge the effectiveness of impactful writers like Malcolm Gladwell.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
A liquidity crisis can occur when a large number of depositors want their money back at the same time, causing banks to sell their assets to return the money.
16:21 - 24:11 (07:49)
Summary
A liquidity crisis can occur when a large number of depositors want their money back at the same time, causing banks to sell their assets to return the money. This situation can arise when governments issue stimulus packages, and people deposit the funds in banks.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
A discussion about recent banking announcements that included words like topology, swap lines, and credit Suisse, causing confusion among those not well-versed in financial jargon.
24:11 - 31:03 (06:52)
Summary
A discussion about recent banking announcements that included words like topology, swap lines, and credit Suisse, causing confusion among those not well-versed in financial jargon.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
A biologist named Mr. James Medlock bet on Bitcoin being worth a million dollars.
31:03 - 34:33 (03:29)
Summary
A biologist named Mr. James Medlock bet on Bitcoin being worth a million dollars. The bet was unlikely and he could have just taken the million dollars and bought Bitcoin if he was just being purely selfish.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
This episode explores the myth of the lone genius and how it's perpetuated in popular culture, particularly in the tech industry.
34:33 - 42:46 (08:13)
Summary
This episode explores the myth of the lone genius and how it's perpetuated in popular culture, particularly in the tech industry. The hosts discuss the reality that most innovation and progress is the result of collaborative efforts and diverse perspectives.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
The internet has empowered individuals to think for themselves and challenge the public narrative.
42:46 - 47:43 (04:56)
Summary
The internet has empowered individuals to think for themselves and challenge the public narrative. Additionally, savings technologies have proven ineffective against inflation over long periods of time.
EpisodePart 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
PodcastMy First Million
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%.
47:43 - 50:58 (03:15)
Summary
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%.