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@Balaji is betting on a huge run-up in the near term due to loss of confidence in banking. I’m not certain his targets are rational at all but his thesis is sound.

In essence many billions and probably trillions of dollars are being pulled out of insolvent banks and a good deal of that will find a home in BTC over the coming months since BTC is sheltered from the banking and central bank system, which is hobbling.

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real genius. one would think if he were this confident, he’d buy 1 million dollar worth of BTC now and not get into stupid bets.

But of course he must be playing 4D chess because no one can be this dumb.

When rich people do something that on the surface seems dumb, there is always some ulterior motive. $1 salary means good press and higher EPS, which boost stock price.

Where does this money end up in? As bitcoin price really does nothing about it existing. It just moves from hands of buyers to sellers or current owners. And those sellers have to also have a place for it? But what is that place?

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