A wonderful dialogue between Balaji and my colleague Larry White. I don’t suppose Balaji goes to win his wager however he has been forward of the group on the banking disaster. It’s now apparent, for instance, that what was vital about SVB was not Silicon Valley however that it was a financial institution and Balaji was among the many first to current this clearly. Like Larry, I can think about Bitcoin and different crypto property rising in worth because of the disaster as individuals look to diversify away from USD and the US banking system (I’m an advisor to some crypto companies) however I don’t see $1 million quickly. Larry, nevertheless, understands banking points higher than anybody I do know (take a look at his new guide Better Money: Gold, Fiat or Bitcoin?) and he agrees with a lot of Balaji’s evaluation even when not $1m BTC.
Balaji’s mic is noisy however value listening to anyway for the sign.
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