Cryptocurrency exchange Former chief technology officer of Coinbase Balaji Srinivasan, Bankless Shows named YouTube He gave an interview to his channel.
Srinivasan predicted in a new interview that many US banks will “go to zero” and that the US government will try to prevent people from exiting the financial system.
old Coinbase manager“Can enough people get to the Bitcoin exit in time before they close the exits… Because they shut down Silvergate, SVB, First Republic, Signature.” said.
Srinivasan, Bitcoin’s worldwide “will be protected by a sufficient number of governments” also predicted.
Srinivasan also USA dollar of Germany World War IHe added that he thinks he is about to enter a period of hyperinflation, reflecting the state of the “Weimar marks” following his defeat in .
“Weimar Republic” Name given to the German government between the end of the imperial period (1918) and the beginning of Nazi Germany (1933). The Weimar Mark collapsed in 1923 and its value had fallen to a trillionth of a US dollar.
Former Coinbase CTO last week bitcoinof just 1 million in 90 days dollars He made waves in the crypto world by predicting that it would skyrocket.
Srinivasanbelieves the world will witness major changes this year catalyzed by the devaluation of the dollar.