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Balaji says if something happens in the Strait of Hormuz, the global economy goes straight down
Former Coinbase CTO just made a direct statement
Once the Strait of Hormuz gets blocked
Oil prices skyrocket, inflation tsunami drowns all assets
Tech stocks and crypto will get their funds drained, money will flow toward food and energy
Trump called around allies for escort, but none showed up. Dalio also chimed in saying this is a key test of American hegemony
Think about it - 36% of global oil goes through that strait. If it gets cut off, it's not a 10% drop problem
It's the entire asset pricing logic that needs to be rewritten. I'm so nervous watching my positions right now. What about you guys