Part 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks

**Sam Parr** (0:00)
So Balaji comes out, he says, I will take that bet. You buy one Bitcoin, and I'll send one million dollars to an escrow.
To be clear, this is 40 to one odds. So he's basically saying, not only is this unlikely to happen, like if this was even odds, it would have been like, dang, Balaji's gonna lose a million dollars, because Bitcoin's not likely to be worth a million dollars. Then he added, in 90 days, which is already a radical move. Then he said, and by the way, the million dollars versus one Bitcoin, and Bitcoin's currently at 26,000 at the time he made the bet. He goes, that's 40 to 1 odds that I'm laying you.
All right, we got an episode here with Pomp, Anthony Pompliano, who you may know as the Bitcoin guy. He's huge all over YouTube, Twitter, everywhere else. He came on, we're actually gonna do this as a two-part episode, because at the beginning, it was all business. We were business in the front, we were talking about this crazy million dollar Balaji bet, where he's betting that Bitcoin is going to a million dollars in the next 90 days. We talk about that, why Balaji thinks it, what we think about the bet, and Pomp does a, I don't know, Econ 101, where he explains what's going on with the banking system from his perspective. That was good. And then the second-

**Shaan Puri** (1:18)
But here's the thing though, in that episode, the whole episode is about something that's gonna happen inside the next 90 days. So if you're gonna like, it is a little fearful listening to it. And so actually listen to the whole thing because, and do it now, because we're talking about something that's happening in 90 days. And then go ahead, the second episode was way more fun. And it was pretty wild, go ahead.

**Sam Parr** (1:37)
We talk about his business empire, what he's building and why he's building it that way, why he gave back all the money from his fund and shut that down. Why he turned off all his advertisers, millions of dollars of advertise, what he's doing instead. So we talked about that.
And then we talked about, then it went off the wall and the pod got a little crazy, but in a great way. I think people are gonna, you're gonna love part two.

**Shaan Puri** (1:57)
He broke down like all of his businesses and how they work. It's very impressive. It was pretty wild.
And he's impressive. He's significantly more impressive than a lot of people think, I think, because there's way more behind the scenes.

**Sam Parr** (2:10)
Pretty funny stories, which Pomp is usually, he's pretty buttoned up on his main channel because he's talking finance, he's talking serious, but he tells some pretty funny stories. So the second, part two is the more fun episode. Part one is the more serious episode. I think you'll like them both.

**Shaan Puri** (2:24)
And we have to remind you guys that our episodes, we work really, really hard. And unlike every other type of podcasts out there, our stuff's not free, but you don't pay with money. All you have to do is go to our YouTube page. We call this the Gentleman's Agreement.
What is it? The Lady's Understanding.

**Sam Parr** (2:41)
The Lady's Understanding.

**Shaan Puri** (2:42)
You go to our YouTube page.
And the reason it's called that is because it's an understanding. It's an agreement. We can't be there behind your screen to check this. Otherwise we would. But everyone's doing it. So just go ahead and do it and click Subscribe on YouTube. And then just go ahead and do that on Spotify and iTunes because the more you do that, the more our volume goes up and we get more downloads and we can keep doing this type of stuff.
Pomp ain't gonna come on to episodes like this if we don't have a big listenership. Same with all the other guests.

**Sam Parr** (3:08)
All right, enjoy.

**Shaan Puri** (3:11)
Pomp, we're live by the way. We always just jump right into this thing. No small talk.

**Anthony Pompliano** (3:16)
Let's go. What do you guys wanna talk about?

**Sam Parr** (3:17)
Dude, I'm so glad you're here. You are the Ryan Seacrest of the industry. You are the hardest working man in content entertainment. I'm so glad you're not doing your like 5 a.m. show anymore.
I'm sure you're also pretty glad you're not doing that every morning. How does it feel to get some sleep?

**Anthony Pompliano** (3:39)
I've always slept pretty well, but the content stuff is the best way in the world to learn. You put information and ideas out there and the people who agree or have like things to add, they're super constructive and they respond to emails, they tweet at you, they do all that stuff. And then the people who vehemently disagree, they make their voice heard very well. And so you like quickly figure out like good ideas, bad ideas, and then you also get all these like rabbit holes to go down.