"Bitcoin Is So Undervalued Right Now" | Greg Foss

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In an interview with Simply Bitcoin, Greg Foss, the experienced high-yield bond trader turned Bitcoin evangelist, gave his take on the current banking crisis and bitcoin. Just days Prior to the Credit Suisse collapse, Foss told Natalie Brunell on her podcast that he was keeping an eye out for Credit Suisse to be the next domino to fall in the banking crisis, and if it did, a contagion is upon us. Now, it appears that Quantitative Easing Infinite is on the table and the Fed is prepared to print our way out of this banking crisis… but Foss believes that this is just another band-aid and the real reason this banking crisis is underway is because the 2008 crisis was not properly handled. Foss also discussed what this means for Bitcoin and at the moment, he’s shocked that Bitcoin is only in the 27 to 28,000 range. Former CTO of Coinbase, Balaji Srinivasan, made headlines when he reportedly placed a $2 Million bet that Bitcoin would hit $1 Million in 90 days. While most people found Srinivasan’s bet ludicrous, Foss explains that his $1M bet is not likely, the distribution of possible outcomes gives it a chance.
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► To watch the full interview:
https://www.youtube.com/watch?v=nozuITj30MI

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