Will Bitcoin reach $1 million in 90 days?

Will Bitcoin reach $1 million in 90 days?

Author: Rakaan Kayali April 3, 2023 Duration: 8:55

Balaji Srinivasan bets $1 million that Bitcoin will reach $1 million within 90 days, amidst economic turmoil. Here's why:

  • Banks suffered massive losses due to bond value drops as interest rates rose, making them vulnerable to bank runs.
  • The Fed introduced the Bank Term Funding Program (BTFP) to lend money to struggling banks, effectively printing more money.
  • Bitcoin's fixed supply and independence from centralized manipulation make it an attractive store of value in times of economic uncertainty.
  • The insolvency of banks and potential inflation from bailouts could drive people towards hard assets like Bitcoin, though the exact timeline and impact remain uncertain.



Hosted by Rakaan Kayali, The Practical Islamic Finance Podcast sits at a unique crossroads where faith meets the realities of modern money management. This isn't about abstract theory; it's a grounded conversation for anyone navigating their financial life within an Islamic framework. Each episode tackles the contemporary questions and challenges that arise when principles of halal investing, ethical business, and personal finance intersect with today's dynamic markets and news cycles. You'll hear clear discussions on how to build wealth responsibly, understand the nuances of Sharia-compliant opportunities, and make informed decisions that align with both spiritual values and practical goals. Kayali brings a focused perspective to topics ranging from everyday budgeting and debt to analyzing specific investment vehicles and broader economic trends through a principled lens. The podcast serves as a thoughtful resource for Muslims seeking actionable guidance, as well as anyone curious about the ethical dimensions of finance from this particular viewpoint. It’s a space for learning and reflection, designed to help listeners cultivate financial well-being without compromise. Tune in for straightforward dialogue that makes the often-complex world of Islamic finance accessible and immediately relevant to your life.
Author: Language: English Episodes: 361

The Practical Islamic Finance Podcast
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