Bajali made a public bet on bird app that #bitcoin price would skyrocket to $1 million USD within 90 days

I think his intention is to issue grave warning to the fact that all big banks are in deep deep trouble

Banks are not only broke, they’re beyond broke

Your deposits aren’t cash in a vault

They’re invested in other vehicles with other banks to generate yield, including a traditionally safe investment, treasury bonds

which were bought in huge numbers when interest rates were near zero

when powell jacked up interest rates to battle inflation (not working btw) those treasuries became worthless because, held to maturity, they lose money..they are now junk

The FED and Treasury know this

They’re desperately injecting USD into the system to avoid ‘contagion’

Contagion means panic..nationwide bank runs

they want folks to calm down, go back to their facebook, and LEAVE THE MONEY IN THE BANK

because the money ain’t there

Yellen and Powell want ppl to stay asleep

Balaji wants ppl to wake up

Will BTC moon to a million in 90 days? I don’t think so..but it sure got a lot of attention, and that’s the point

because banking, and fiat currency, is all a grift

It’s a con game

and 99 percent of us are played

#bitcoin

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Discussion

This is the best summary of Balaji's bet.

In addition to that, I must add that it is likely Balaji has quite some bitcoins or he bought call options. Being able move the prices upwards a little bit will easily cover his loss from the bet. Marketing and waking up people; win-win.

yes no doubt Balaji has lots of bitcoins, other currencies, dollars, etc

this is an easy bet for him to cover iow

appreciate your kind words btw 🙏

I hope his very public bet gets ppl talking, and thinking…I hope for ppl ‘on the fence’ to begin to wake up

It takes a fair amount of thinking, questioning, and downright *rejection* of the system we’ve all been conned into believing is safe and sound

because folks, it is not

it is a house of cards

when it fails it will fail fast, and hard, and without any warning at all

our generation in the west, has never experienced a true national money failure

2008 came the closest but ultimately did not fail..they were able to stem the *contagion* and continue the game

they’re so very very desperate to continue it right now

#bitcoin