Wager: BTC At $1 Million In 90 Days

Cathie Wood recently said $BTC could hit $1 million by 2030 – seven years away and that doesn’t seem too unlikely for many analysts. But what about $1 million in just 90 days? 🤷‍♂️

$COIN‘s ex-CTO Balaji Srinivasan is betting that Bitcoin’s gonna hit a million bucks by June 17th. He’s putting $1 million on the line with two random dudes, and if his wild prediction doesn’t come true, they’ll pocket some sweet $USDC stablecoin.

Balaji’s got this whole “hyperbitcoinization” theory in his head, thinking the global economy will go nuts, the dollar will go down in flames, and everyone will be all about Bitcoin.

Bitcoin’s market cap will go through the roof if that happens, making it almost as big as the entire U.S. stock market.

Bitcoin’s price has been skyrocketing while Wall Street’s sweating, so maybe there’s a bit of truth to it.

But not everyone’s buying what Balaji’s selling. Some smart folks on Twitter are calling him out, saying it’d take a bigger disaster than the coronavirus pandemic to make Bitcoin’s price jump like that. If banks in the U.S. and Europe collapse, they think we’d be more worried about surviving than buying Bitcoin.

Some think Balaji’s just trying to stir the pot and get people excited about crypto again. The industry’s been in a slump, and they’re desperate for a pick-me-up. Guess no one told him that Bitcoin has been up 46% in the past ten days.

Others think he’s just trying to get attention for himself and Bitcoin.

So, we’ll see what happens.🕵️‍♂️

More in   Crypto

View All

Axie On Apple – But Only For Some

$AXS has taken a significant stride towards regaining its user base after a challenging year. The game’s creator, Sky Mavis, recently announced that the latest version of their blockchain-enabled video game, ‘Axie Infinity: Origins,’ will be available for download on $APPL‘s App Store. 😱

This move marks a significant development in the wider adoption of web3 gaming.

Read It

WTF Ledger

Ledger, known for its hardware wallets, is facing ongoing criticism from customers regarding its new feature called “Recover.” 📣

The feature allows users to restore their seed phrase, but concerns have been raised about the potential security risks associated with it, as the seed phrase is the key to accessing most cryptocurrency wallets.

Read It

Ethereum Staking Demand Keeps Growing

Ethereum is experiencing record levels of staking following Ethereum’s transition to Proof-of-Stake (PoS) and the recent “Shapella” network upgrade. 🚀

The last update facilitated withdrawals of staked $ETH and rewards, leading to a surge in demand for new validators. Despite initial fears of a withdrawal rush impacting the ETH price, the increasing queue of validators eager to join the network suggests that demand for Ethereum staking is holding steady.

Read It