Former Coinbase CTO Places $2 Million Bet That Bitcoin Will Hit $1 Million In 90 Days

Former Coinbase CTO, Balaji Srinivasan, is bullish on Bitcoin and has made a $2 million bet that the cryptocurrency will hit $1 million within the next 90 days. Srinivasan’s bet is part of a larger trend of high-profile investors and companies seeing Bitcoin as a viable asset. This move also highlights the growing influence of cryptocurrency in the financial world and how it’s becoming a more accepted form of investment. With Bitcoin continuing to soar, it’s clear that investors are looking to get in on the action and capitalize on this new financial frontier.

Former Coinbase CTO Balaji Srinivasan has made a $2 million bet that Bitcoin will reach $1 million within 90 days. The bet was in response to financial expert James Medlock’s proposal for a $1 million bet that the US would not face hyperinflation despite recent bank collapses. Balaji claims that the current banking crisis resembles the 2008 financial crisis, with central bankers, banks, and regulators deceiving dollar holders and depositors. He believes that “hyperbitcoinization” will occur, and individuals, firms, and large funds like sovereign countries will buy Bitcoin to hedge against hyperinflation in the coming weeks. The crypto community had mixed reactions to Balaji’s bet. Bitcoin’s current price is around $27,000.

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