Balajis space was interesting. Say what you will about the man but you have to have some major cajones to bet $1M. Maybe it’s just expensive advertising but his argument is interesting.

Basically, he said that Powell, Yellen, and others are willing to boldface lie in face of a real emergency. He believes everything they are doing is covering up a larger emergency. He believes that the problem with SVB wasn’t limited there but is affecting all banks.

All of this will serve to allow the Fed govt to nationalize the banking industry thus eliminating private banking while inflating the currency at hyperinflation rates. This then props up the entry for the new CBDC.

He said we all thought hyperbitcoinization would be much more gradual. Shutting down Silvergate and Signature were attempts to close the fiat exits to Bitcoin.

I don’t know if he is right or wrong but it doesn’t take much to convince me to stack more sats.

#plebchain

#bitcoin