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SaaS Interviews with CEOs, Startups, Founders

New podcast: Jason Yanowitz on Consequences of Fed Stimulus, Socialism Next, Bitcoin Halving

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Business, Entrepreneurship

4.6701 Ratings

🗓️ 15 April 2020

⏱️ 62 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

All right, guys, so testing out this new long-form format for the podcast. This one's going to go about an hour.

0:05.9

I talk with Jason Yanowitz, about the current crisis. We talk about what is a life worth in terms of saving the economy.

0:12.0

We talk about can the Fed keep printing money and doubling and tripling their balance sheet.

0:17.0

We talked about the national debt being $22 trillion, but the national GDP being only $20 trillion, so effectively we're underwater. We talked about the national debt being 22 trillion, but the national GDP being only 20 trillion, so effectively we're underwater.

0:24.3

We talked about, does China come out of this weaker or stronger than before?

0:28.3

And most importantly, Jason's background, a blockwork script, we talked about coming out of this.

0:33.5

Will more people, including mainstream America, be looking for alternative asset classes to put

0:38.4

their money in, specifically cryptocurrencies? Jason shared that there's three specific steps

0:44.2

he expects to see happen to see major adoption of things like Bitcoin and other cryptocurrencies.

0:49.3

The first being inflation as the Fed and the Treasury keep printing additional dollars.

0:54.9

Number two, the Bitcoin halving, which is happening here in 30 days, which essentially means

0:58.9

instead of 1,800 new bitcoins per day, it's going to go down to 900 per day.

1:02.6

It's essentially a supply shock, which should drive the price of Bitcoin if it's not already

1:06.4

priced in from $7,000 per Bitcoin up to $14,000 per Bitcoin, up to $14,000 per Bitcoin. He made a prediction he thinks he can go

1:12.8

up to $20,000 or even up to as much as $100,000 by 2022. And lastly, number three, he talked about

1:19.6

cheap prices. In other words, Bitcoin being a steel relative to what it would be in the future.

1:23.8

That's making a big assumption that it's not priced in yet. All in all, I love the

1:27.9

format of this episode. It's very different than my usual SaaS episodes because I'm interviewing

1:31.7

people where truly they know way more about me versus the SaaS world where I know all the questions

1:37.5

to ask. I know the gotchas. I know when people are bullshitting me and I can go right through it.

1:42.0

But this is a great episode with Jason Yanowitz.

1:44.3

I hope you enjoy it. Let's jump in. Hello everyone. My guest today is Jason Yanowitz. He is one of the

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