Bill Barhydt and Charlie Shrem discuss the Coronavirus lockdown and Bill's market predictions.
Bill Barhydt, Abra Founder & CEO, joins Charlie Shrem on this week’s episode of Untold Stories. They begin by talking about the most pressing issue of the day, the Coronavirus lockdown. Charlie reveals that Bill worked as a cryptographer for the CIA which leads to a discussion of right-sized government and what that would look like in today's world. They move on to talk about how the financial system has failed with regards to Coronavirus, paper money, and the need for digital alternatives. Charlie asks about the dollar as the global reserve currency and Bill imagines the next few months in terms of productivity, interest rates, and credit spreads. Bill further predicts how the markets will react and how people must think about the markets and their wealth in the coming months. After briefly talking about Abra, Bill compares the current crisis with previous financial crises and then reveals his ideal business strategy for right now. They discuss meditation apps and the government’s role in education before ending on a positive note discussing opportunities Bill sees in the business environment today.
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