Conspiracy theory:

David Sachs, Peter Thiel, etc. encouraged a run on the banks, and then encouraged a bailout, to force a pause so they could unload AND Balaji's Bitcoin bet is just a second scene in the same performance.

Hope I'm wrong.

Reply to this note

Please Login to reply.

Discussion

*Or just create the reasonable expectation of a pause

I mean, it sounds easy enough. It was a community where everyone knows everyone and these tech founders were all funded by vcs like them.

Balaji in Hindi means "master of pumponomics".

Unload what?

His Bitcoin and shitcoins.

Remember this guy is a serial shitcoiner.