Balaji Srinivasan, a prominent crypto investor and former chief technology officer of Coinbase, spoke big about the price of Bitcoin (BTC) in the future dates.
Twitter user James Medlock, in a post he made “I bet you $1 million that you won’t have hyperinflation in the US.” said. The former quoting the investor’s share coinbase made a risky prediction that Bitcoin will reach $1 million by June 17, 2023.
Here are the remaining references, as Twitter has a limit on the number of links in one post.
I am moving $2M into USDC for the bet. I will do it with Medlock and one other person, sufficient to prove the point. See my next tweet. Everyone else should https://t.co/R3lQp7Ffdt… https://t.co/KFnHvotLpK pic.twitter.com/ABxBmYmv9i
— Balaji (@balajis) March 17, 2023
Balaji Srinivasan, 1 BTC and $1 million worth to Medlock if the Bitcoin prediction does not come true within 3 months USDC announced that it will gift stablecoins. In another tweet, the Coinbase executive increased his bet, raising the amount of USDC to $2 million.
The angry bet between Srinivasan and Medlock is based on the two investors’ different perspectives on the future of the American economy. Medlock believes inflation will continue to fall no matter what. Srinivasan, on the other hand, claimed that after the banking crisis, hyperinflation would start because the FED pumped money into the market.
Gaining 20% since the beginning of the week bitcoin It is currently trading at over $27,000. Especially breaking $28,000 and maintaining a permanence above it is extremely important for the $30,000 level to be easily seen.
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