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.
Here are the remaining references, as Twitter has a limit on the number of links in one post.
I am moving $2M into USDC for the bet. I will do it with Medlock and one other person, sufficient to prove the point. See my next tweet. Everyone else should https://t.co/R3lQp7Ffdt… https://t.co/KFnHvotLpK pic.twitter.com/ABxBmYmv9i
— Balaji (@balajis) March 17, 2023
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.🕵️♂️