Part 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastroph…
About This Episode
Sam Parr and Shaan Puri are joined by Anthony Pompliano to break down Balaji Srinivasan's radical bet that Bitcoin will hit $1 million in 90 days. They discuss the structural weaknesses in the banking system that led to the collapse of Silicon Valley Bank and how the speed of social media creates 'digital catastrophes'.
Episode Description
Show Notes
- 07:00- Who is Pomp?
- 07:45- Balaji bet
- 17:20- Failing banks
- 25:15- Balaji's Reply to Shaan
- 37:35- Digital catastrophes
- 45:45- What are you doing in 90 days
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- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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- Additional episodes you might enjoy:
- #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
- #209 Gary Vaynerchuk - Why NFTS Are the Future
- #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
- * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
- #218 - Why You Should Take a Think Week Like Bill Gates
- Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Links
- * Pomp substack
- * @balajis
- * Pomp Crypto Jobs
- * The Crypto Academy
- * Pomp Investments
- * @pompglobal (Instagram)
- * @pompofficial (TikTok)
- * The Pomp Podcast
- * Anthony Pompliano
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
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Key Takeaways
Distinguish between making money and saving money by treating Bitcoin as a 'savings technology' designed to protect purchasing power from currency inflation.
Prepare for 'digital catastrophes' by recognizing that social media and instant banking allow bank runs and financial panics to move at internet speed.
Monitor 'hold to maturity' accounting risks in banks, as rising interest rates can make safe-looking bond portfolios a liability during liquidity crises.