Back in April 2021, nary a concern was being discussed when it came to the state of the equity markets (except, of course, from conspiracy theorists like Austrian economists).
Bitcoin was about $58,000/coin and Coinbase was getting ready to IPO at $375/share. The market was euphoric off the Fed’s year-straight of unlimited quantitative easing, dogshit stocks were ripping higher and the idea of valuations wasn’t even being discussed on financial news.
Which, of course, made for a perfect climate for Ross Gerber to take the stage and make one of his visionary predictions on “the new financial system” as he saw it, which included the bold, forward-thinking idea that JP Morgan, Goldman Sachs and Well Fargo “won’t exist” in 20 years.
Behold, the product of 0% rates and unlimited quantitative easing:
April 14th 2021
Since then, bitcoin is down about 64.1%.
For those that wish to play along at home, I’ve made this handy countdown timer so that we can all follow along with Ross’ prognostication.
0 subscriptions will be displayed on your profile (edit)
Skip for now
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.