Famous entrepreneur Balaji Srinivasan explained that the claim that Bitcoin (BTC) will reach $ 1 million by June 17 may take longer and why he thinks so.
Balaji Srinivasan, former Chief Technology Officer of Coinbase, in his speech at the Consensus 2023 conference in Texas, $1 million price estimate made remarkable statements. Srinivasan believes that this forecast is not in the coming months. there is a possibility that it will happen later from the 1 million dollar bet he made while expressing He said he didn’t give up.
On the other hand, the US-based of the banking crisis government and financial authorities trillions of dollars to print money Investor pointing out that this situation will bring the collapse of the dollar He claimed. Srinivasan said that with the collapse of the dollar, the Bitcoin price naturally also increased. 1 million dollars believes there is a possibility of reaching the band.
Could it take 900 days or 90 months to realize the $1 million price? It’s possible, but I’m not giving 100% probability. I may be wrong but I’m putting my one million on to say the government is printing trillions.
kind of in the US economy “Black Swan” Expressing his predictions about the probability of experiencing the event, Srinivasan said that the possibility of a very serious problem within months. 10%probability of occurrence over the years. 70%probability of living in decades 19% and the probability of a century or more passing uneventfully %one claimed it was.
The billionaire investor made the aforementioned prediction on March 17 and that Bitcoin will be delivered within 3 months, until June 17. Claims to reach $1 million had done. In the US dollar, a serious devaluation Emphasizing that it is approaching, the analyst will say, in case he loses the bet. USDC with $1 million payout he had said he would do.