Separately, we’re moving the bet forward and will update soon. Had to do some legal work. pic.twitter.com/ayL3iVjH8k
— Balaji (@balajis) April 12, 2023
A
A
Bitcoin Prediction: Balaji Srinivasan stands on his bet
Wed 03 May 2023 ▪
3
min read ▪ by
Getting informed
In March, Srinivasan made a bold prediction that Bitcoin would skyrocket due to the bankruptcy of banks and inflation. According to him, the price of BTC could reach $1 million. Despite the changing economic landscape in the United States, Balaji Srinivasan is sticking to his Bitcoin prediction.
Who is Balaji Srinivasan?
Balaji Srinivasan is an American investor and entrepreneur from the prestigious Stanford University. He has founded various successful businesses. Srinivasan co-founded Counsyl, a company that helps prospective parents test the risk of passing on genetic diseases to their children. He then became a general partner at Andreessen Horowitz, a well-known American venture capital fund.
Srinivasan also has a strong presence in the cryptocurrency world. He previously served as the Chief Technology Officer (CTO) at Coinbase. He is particularly famous for his interest in Bitcoin.
“A Bitcoin for One Million Dollars in 90 Days”: Srinivasan’s Bitcoin Prediction
It all started on March 16th, when James Medlock tweeted that he was willing to bet $1 million that the United States would not experience hyperinflation. It didn’t take long for Balaji Srinivasan to step up and bet against Medlock. Wagering the same amount on a nearly opposite Bitcoin prediction.
Srinivasan predicted that the United States would enter a cycle of hyperinflation, causing the value of Bitcoin to skyrocket to $1 million. To show the seriousness of his Bitcoin prediction, Srinivasan even specified that it would happen within 90 days.
By June 17th at the latest, we can expect the price of BTC to reach 1 million dollars.
At the time of writing (that is, one and a half months before the deadline set by Balaji Srinivasan), Bitcoin is trading at $29,255.10. This price is still far from the BTC prediction of the former CTO of Coinbase. Stay tuned for updates…
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
A
A
L'équipe éditoriale de Cointribune unit ses voix pour s’exprimer sur des thématiques propres aux cryptomonnaies, à l'investissement, au métaverse et aux NFT, tout en s’efforçant de répondre au mieux à vos interrogations.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.