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Balaji Srinivasan
Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong
Bitcoin podcaster Peter McCormack writes about the seeming return of bitcoin's inflation hedge thesis, and what it takes to get people into bitcoin.
Future of Bitcoin Amid U.S. Banking Jitters
CoinDesk Chief Content Officer Michael J. Casey joins "All About Bitcoin" to discuss the significance of bitcoin in global finance amid recent concerns surrounding the banking industry. Plus, reaction to Balaji Srinivasan accepting a bet proposed by James Medlock that a single bitcoin would be worth $1 million in just 90 days due to hyperinflation in the United States.
What Could Happen if the World Is Thrust Into Hyperbitcoinization?
Last weekend, Twitter was ablaze with reactions to former Coinbase Chief Technology Officer Balaji Srinivasan accepting a bet proposed by James Medlock that, due to hyperinflation in the United States, a single bitcoin would be worth $1 million in just 90 days (by June 15, 2023). CoinDesk Senior Research Analyst George Kaloudis breaks down the latest debate.
A Sudden Onset of Hyperinflation: What Will Happen to Bitcoin?
If the world is thrust into hyperbitcoinization – as Balaji Srinivasan predicts – before the ecosystem is ready, then even bitcoiners might not be in a position to use bitcoin.
Bitcoin Has Risen Nearly 70% Year-to-Date
Bitcoin (BTC) is briefly topping $28,000, after the largest cryptocurrency by market capitalization has risen 14% in the past week. Kyle Clark, Investment Advisor Representative at wealth advisor Gerber Kawasaki, breaks down the bullish sentiment and the “three-point chokehold" crypto is currently going through. Plus, reactions to former Coinbase CTO Balaji Srinivasan's $1 million bitcoin prediction and outlook on the Federal Reserve's upcoming interest rate decision.
Balaji Srinivasan Predicts Bitcoin's Price Will Hit $1M
Balaji Srinivasan, former Chief Technology Officer at Coinbase, is wagering that bitcoin (BTC)'s price would benefit from the devaluing of the U.S. dollar and can reach a $1 million milestone by June 17. "The Hash" panel discusses Srinivasan's bullish bet on the largest cryptocurrency by market capitalization.
Balaji Srinivasan's Major Bitcoin Bet
Delphi Digital co-founder Tom Shaughnessy reacts to entrepreneur Balaji Srinivasan responding to pseudonymous Twitter pundit James Medlock's tweet betting "anyone $1 million dollars that the U.S. does not enter hyperinflation." "I think he studied a lot of hyperinflation over the years and saw this as probably the best time for his call to action on alerting people [about] the difference between central banks and decentralized currencies," Shaughnessy said.
Pinning the Idea of ‘Network States’ on the Map
Balaji Srinivasan's thesis of forming countries online underpins a thought-provoking bestseller and maybe a new asset class – earning him a spot on CoinDesk’s Most Influential 2022 list.
