Balaji's bet. Bitcoin to a million.
In this episode, we cover Balaji's bet that hyperinflation is coming and that Bitcoin, as a hard asset with no counterparty risk, will as a result of the Federal Reserve's BTFP program get to 1 M dollars in 3 months. This is a highly controversial and consequential bet, but Balaji is someone we take seirously, and so it was worth discussing the rationale behind this position.
