In March, Balaji Srinivasan made a Bitcoin prediction that the cryptocurrency will explode due to bank failures and inflation. According to him, the price of BTC will reach $1 million. Despite the changing economic situation in the United States, Balaji Srinivasan remains true to his Bitcoin prediction.
Who is Balaji Srinivasan?
Balaji Srinivasan is an American investor from the prestigious Stanford University. He is also a businessman at the head of different companies. He co-founded Counsyl, a company that helps future parents test the risks of transmitting genetic diseases to their future children. He then became the general partner of Andreessen Horowitz, the famous American venture capital fund.
Balaji Srinivasan also works in the world of cryptocurrency. He previously held the position of Chief Technology Officer at the Coinbase exchange. But above all, he is very well known for his interest in Bitcoin.
“One BTC for $1 Million in 90 Days”, Srinivasan’s Bitcoin Prediction
It all starts on March 16 when James Medlock announces on his account Twitter that he would bet $1 million that the United States would not fit into hyperinflation. It will only take a few days for Balaji Srinivasan to say he is ready to bet against Medlock. He then bets the same amount for an almost opposite Bitcoin prediction.
Former Coinbase CTO is betting the US will enter a cycle of hyperinflation. Result: the value of Bitcoin will mechanically explode to 1 million dollars. To show the seriousness of his Bitcoin prediction, Balaji Srinivasan even specified that it will happen within 90 days. No later than June 17so we can expect the price of bitcoin to reach $1 million.
At the time of writing (i.e. a month and a half before the deadline set by Balaji Srinivasan), bitcoin trades at $29,255.10. This price is still very far from the Bitcoin prediction of the former CTO of Coinbase. To be continued…
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