New Statement from the Name Who Bet Bitcoin (BTC) Will Become 1 Million Dollars: I Drawn Your Attention To This Issue

crypto exchange Coinbase’s former chief technology officer and former partner at venture capital firm Andreessen Horowitz Srinivasan Shortly after Silvergate Bank, Signature Bank, and Silicon Valley Bank went bankrupt in mid-March, a banking crisis led to massive US dollar devaluation, hyperinflation, and by mid-June. Bitcoin (BTC) for $1 million He said he expected it to trigger the rise.

Balaji Closes Bitcoin (BTC) Bet With $1.5M Donation

Amid the first bankruptcies in the US, in mid-March, the tech entrepreneur made a $1 million bet that Bitcoin would reach $1 million in 90 days.

Balaji Srinivasan said in a statement that his $1 million bet on Bitcoin (BTC) was closed prematurely and donated $1.5 million ($500,000 more than required) to three different organizations as a compromise.

I JUST BURNED A MILLION TO TELL YOU THEY’RE PRINTING TRILLIONS

The million dollar bet is now closed out by mutual agreement. I made $1M+ in provable on-chain donations, which you can verify by clicking the links below:

1) $500k to Bitcoin Core development via Chaincode:… pic.twitter.com/J9nwxZAAhD

— Balaji (@balajis) May 2, 2023

He put forward $1 million to support his estimate. “I burned a million dollars to tell you they were printing trillions,” he tweeted on Tuesday afternoon.

“I spent my own money to send a demonstrably costly signal that there was a problem with the economy and that it was going to be something much worse, not a ‘soft landing’ as Powell promised,” he said.

She said that Janet Yellen, the current US Treasury Secretary, was in the Federal Reserve before the 2008 global financial crisis and did not give any alarms, nor did Fed Chair Ben Bernanke.

Srinivasan argues that today’s leaders, including Powell, are similarly in denial.

*Not investment advice.