Famous investor Balaji Srinivasan made an astonishing bet that the dollar would lose value significantly with hyperinflation and that Bitcoin (BTC) would reach $1 million in 3 months.
Balaji is a recent in your post, of bitcoin $1 million in 90 days to reach the level 1 million dollar bet shared with its users. James Medlock hyperinflation of the dollar that you will not live Quoting a post in which he made a $1 million bet on the subject, Balaji made assertive statements that he would win this bet.
In the US dollar, a serious devaluation Emphasizing that it is approaching, the analyst will say, in case he loses the bet. USDC He asked for help on how to lock a bet on the smart contract.
I’ll take that bet. Considering the $26,000 price of BTC, this is a 40 to 1 bet. Duration 90 days. All we need is a mutually agreed custodian who can survive to settle the transaction in the event of a dollar devaluation. If someone knows how to do this with a smart contract, we can do it on-chain so I can send USDC.
Balaji talk, the global banking crisis and the Fed’s last week. 400 billion dollar printing pointing out that the events will be dragged into more crises in the near future. Balaji, who thinks that the slowdown in money printing and interest rate hikes will put the dollar into a serious hyperinflation, underlined that while the dollar is depreciating rapidly, Bitcoin will reach the 1 million dollar band within 3 months.