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.
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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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