Blockworks co-founder Jason Yanowitz compares the economic impact of the COVID-19 pandemic to the Great Depression in a discussion with Nathan Latka.
Prediction Partly held up
Yanowitz: Stock markets are 100% going to tank again
“Stocks are going to tank again 100%.”
Prediction Not checkable as stated
Yanowitz: China emerges as the geopolitical winner from the COVID-19 pandemic
“China wins.
And that this was not like, this wasn't the case after nine, 11 in the financial crisis.
Like after both of those, the U S stepped up, right?
The U S like had everyone else's back, but this is
A, like we're just feeling it's very de-globalized bec…”
Prediction Not checkable as stated
Yanowitz: November 2020 US presidential election could be delayed
“I do wonder if we will have an election in November. I'll say that. I don't know. I w I don't think it's crazy to think that we won't have, what happens is you delay, quote unquote, you delay the election in November.”
Prediction Not checkable as stated
Yanowitz: Fed stimulus cannot drive GDP growth during pandemic lockdowns
“In the 2008, 2009, the pumping money into the economy that actually worked really well. Right. And we got out of that recession. Why? Because it was a financial crisis. So people didn't have enough money. You print more money, you give them more money. They go…”
Prediction Not checkable as stated
Yanowitz: Institutional investors will allocate 1% to 2% to Bitcoin as a hedge
“What you're going to have is you're going to say, you're going to have these folks saying,
I need to hedge against the, I need to hedge against our current system because we are in a system that they see completely falling apart.
And so they need to, what they…”
Prediction Held up
Yanowitz: Bitcoin will reach $20,000 to $100,000 within two years
“My price target for the next two years at a minimum is 20,000 dollars. That's at the low end. At the high end, that's a 100,000 dollars.”