CDS Crypto News Balaji Bets Bitcoin Value Will Be $1M in 90 Days
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Balaji Bets Bitcoin Value Will Be $1M in 90 Days

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Balaji Bets Bitcoin Value Will Be $1M in 90 Days
Balaji Bets Bitcoin Value Will Be $1M in 90 Days

American entrepreneur Balaji Srinivasan, a well-known name in the crypto world, bet $1 million that the value of Bitcoin would be $1 million in 90 days.

Balaji Bets Bitcoin Value Will Be $1M in 90 Days

Balaji, who proved how serious he was in his bet by investing $ 2 million in the USDC stablecoin, was ridiculed by many people.

Balaji’s USDC transfer can be viewed on a private Ethereum address under the “Balaji Bet” tag. The transfer took place one day after Srinivasan made the bet, which he said was a non-profit bet aimed at raising social awareness.

Balaji Bets Bitcoin Value Will Be $1M in 90 Days

What Triggered the Bet?

It all started with a tweet from a Twitter user, James Medlock. Medlock tweeted that he would bet anyone $1 million that the US would not experience hyperinflation. Srinivasan then quoted the tweet, claiming that he accepted the bet and that the US would experience hyperinflation.

As an additional bet, Srivinavasan stated that Bitcoin would reach a value of $1 million and asked Medlock to buy 1 BTC. If Bitcoin does not reach 1 million within 90 days, he will lose the bet and send 1 million dollars to Medlock.

Balaji Bets

Reviews about Bets

The mutual betting by the two users has excited many Twitter users, but many think Balaji will lose. Despite all the comments, Srinivasan argues that a digital devaluation of the US dollar is very likely and that everyone should buy Bitcoin.

Reference

www.news.coincu.com

Written by
oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

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