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Are the Banks Insolvent? #28
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Are the Banks Insolvent?
Jim Bianco is the Head of Bianco Research. Hes our go-to source on macro analysis from someone who knows crypto. He always gives us a pragmatic take. Jim was early and loud about the initial Fed pivot into rising interest rates, all the way back in March of 2022, before much of the crypto industry really understood how significant interest rates can be. In this episode, he discusses the Balaji $1M BTC bet, the state of the financial system, and answers whether or not the banks are insolvent (or just unprofitable). Artwork generated from the timestamp [37:00 - 37:23] Let me put this in Balaji terms - I agree Balaji $1M dollars for Bitcoin and I agree in 90but maybe not days, maybe its weeks, maybe its months, maybe its quarters, but its not going to be 90 days. Its going to occur a lot slower, but it will occur overtime. 10% of proceeds go to Biancoresearch.eth
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Are the Banks Insolvent?
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FD2C0A
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28
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ERC721 eth
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