Comment by @punkess • Hey
just for curiosity can you tl;dr the thought process leading to this prediction?
Stats
Actions: 0
Comments: 0
Likes: 16
Mirrors: 0
Quotes: 0
Comments
The thought process is basically banks fail leading to Hyperinflation, but in my opinion it’s very poorly thought out. Let’s say every dollar in circulation is reprinted and you get an extra 20T dollars. All those dollars would need to go into BTC for it to reach 1,000,000 in 90 days. It’s just so unbelievable unlikely.
There is a significant chance that there US defaults on Its debt in June. They have been fuming for a debt ceiling fight.
Balaji think hyperinflation will hit america so hard that the US Dollar will be impacted dramatically (obviously global markets to follow) and BTC will gain investors interest at the same time as a safe haven.