Former Coinbase chief technology officer Balaji Srinivasan is detailing a seriously bold Bitcoin (BTC) price prediction.
In a series of tweets, Srinivasan says he’s willing to bet BTC explodes to a staggering $1 million in just 90 days from now.
The bet would be with professional poker player Isaac Haxton, with part of the proceeds going toward the charity GiveDirectly.
The investment guru tells his 780,400 Twitter followers that he thinks banks are in serious trouble after heavily investing in long-dated US treasuries, and Bitcoin’s rise will coincide with a major economic crash.
According to Srinivasan, the banks binged on government bonds two years ago when fiscal stimulus at the height of the Covid-19 pandemic drastically reduced the demand for typical loans. The investor also says
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