# Balaji Bets the Dollar will Hyperinflate to Zero. NOT A DRILL!

*Author: Ryan Sean Adams, David Hoffman*
*Published: Mar 21, 2023*
*Source: https://www.bankless.com/de/balaji-bets-the-dollar-will-hyperinflate-to-zero-not-a-drill*

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Balaji Srinivasan is an investor, founder, and Former CTO of Coinbase and GP at a16z and author of The Network State

He’s backed up these claims with a million dollar bet. With these dire predictions and a track record of strong takes, we needed to hear him out.

Who should we bring on next to counter these claims?

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### TIMESTAMPS & RESOURCES
0:00 Intro

7:50 Weeks when Decades Happen

9:30 $1 Million Bitcoin Bet

16:20 Balaji’s Track Record

19:00 Pandemic

[https://twitter.com/balajis/status/1222921758375927808](https://twitter.com/balajis/status/1222921758375927808)

23:15 Hyperinflation

[https://twitter.com/balajis/status/1636797265317867520](https://twitter.com/balajis/status/1636797265317867520)

27:50 US Banking Failure

[https://twitter.com/balajis/status/1636822077775941633](https://twitter.com/balajis/status/1636822077775941633)

32:50 The Banks are Insolvent

[https://pbs.twimg.com/media/FrXKYKcakAAdJwe?format=jpg&name=medium](https://pbs.twimg.com/media/FrXKYKcakAAdJwe?format=jpg&name=medium)

[https://twitter.com/balajis/status/1637671174271565825](https://twitter.com/balajis/status/1637671174271565825)

35:38 More Failure, More Funding

[https://archive.is/0Jww3#selection-731.0-731.286](https://archive.is/0Jww3#selection-731.0-731.286)

40:30 FDIC and the Fed

[https://www.telegraph.co.uk/news/worldnews/europe/eu/10874230/Jean-Claude-Juncker-profile-When-it-becomes-serious-you-have-to-lie.html](https://www.telegraph.co.uk/news/worldnews/europe/eu/10874230/Jean-Claude-Juncker-profile-When-it-becomes-serious-you-have-to-lie.html)

[https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm)

44:18 Bank Runs

[https://qz.com/the-feds-discount-window-is-lending-to-banks-at-2008-le-1850237214](https://qz.com/the-feds-discount-window-is-lending-to-banks-at-2008-le-1850237214)

[https://twitter.com/balajis/status/1637859435149398016](https://twitter.com/balajis/status/1637859435149398016)

[https://www.straitstimes.com/business/banking/wall-street-giants-move-to-rescue-first-republic-bank](https://www.straitstimes.com/business/banking/wall-street-giants-move-to-rescue-first-republic-bank)

[https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm](https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm)

52:25 Escaping to Gold

[https://twitter.com/spectatorindex/status/1637544100663803904](https://twitter.com/spectatorindex/status/1637544100663803904)

57:50 Exporting Inflation

[https://www.theguardian.com/lifeandstyle/2011/jul/17/bread-food-arab-spring](https://www.theguardian.com/lifeandstyle/2011/jul/17/bread-food-arab-spring)

[https://www.wsj.com/graphics/red-economy-blue-economy/](https://www.wsj.com/graphics/red-economy-blue-economy/)

[https://howmuch.net/articles/rise-and-fall-dollar](https://howmuch.net/articles/rise-and-fall-dollar)

1:04:30 Bitcoin in Wartime

[https://pbs.twimg.com/media/FrrfQuaaUAEFYev?format=jpg&name=medium](https://pbs.twimg.com/media/FrrfQuaaUAEFYev?format=jpg&name=medium)

1:10:45 Capital Allocation

[https://twitter.com/balajis/status/1488988253411708931](https://twitter.com/balajis/status/1488988253411708931)

1:13:30 The Only Real Banks

[https://twitter.com/koeppelmann/status/1637898298005626881](https://twitter.com/koeppelmann/status/1637898298005626881)

1:20:49 Why Now?

[https://twitter.com/balajis/status/1637329482687324161](https://twitter.com/balajis/status/1637329482687324161)

[https://twitter.com/balajis/status/1637868839890472960](https://twitter.com/balajis/status/1637868839890472960)

[https://twitter.com/0xfoobar/status/1637855829750628353](https://twitter.com/0xfoobar/status/1637855829750628353)

[https://www.google.com/search?q=sivb&oq=sivb&aqs=chrome..69i57j0i10i131i433i512l2j0i10i512l2j69i64l3.1066j0j7&sourceid=chrome&ie=UTF-8](https://www.google.com/search?q=sivb&oq=sivb&aqs=chrome..69i57j0i10i131i433i512l2j0i10i512l2j69i64l3.1066j0j7&sourceid=chrome&ie=UTF-8)

[https://www.google.com/search?q=usd+btc&oq=usd+btc&aqs=chrome..69i57j0i512l4j69i64l3.1207j1j7&sourceid=chrome&ie=UTF-8](https://www.google.com/search?q=usd+btc&oq=usd+btc&aqs=chrome..69i57j0i512l4j69i64l3.1207j1j7&sourceid=chrome&ie=UTF-8)

1:28:15 Do This Now

[https://twitter.com/MaxCRoser/status/1355652800588505089](https://twitter.com/MaxCRoser/status/1355652800588505089)

1:34:52 A Year From Now

[https://www.youtube.com/watch?v=PHe0bXAIuk0](https://www.youtube.com/watch?v=PHe0bXAIuk0)