Ex Coinbase CTO Wagers $2M on Bitcoin Reaching $1M by June
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Balaji Srinivasan, former Coinbase CTO, has made a $2 million bet on Bitcoin's future performance, predicting that the cryptocurrency will reach $1 million by June 17th. The bet was initiated on March 17th when a Twitter user offered to bet anyone $1 million that the United States would not experience hyperinflation. Srinivasan accepted the bet and proposed the terms, stating that if Bitcoin's price does not reach $1 million by the deadline, the Twitter user would win $1 million worth of USD Coin and one Bitcoin. If Bitcoin is worth at least $1 million by the deadline, Srinivasan can keep the 1 BTC and the $1 million in USDC.
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