1224: BITCOIN WILL REACH $1 MILLION IN NEXT 90 DAYS - EX-COINBASE CTO BETS HIS NET WORTH!!

1224: BITCOIN WILL REACH $1 MILLION IN NEXT 90 DAYS – EX-COINBASE CTO BETS HIS NET WORTH!!

Source Node: 2020537

Balaji S. Srinivasan, former CTO of the Coinbase crypto exchange bets his net worth that the Bitcoin price will breach $1 million per BTC in the next 90 days.


"I will take that bet.

You buy 1 BTC.

I will send $1M USD.

This is ~40:1 odds as 1 BTC is worth ~$26k.

The term is 90 days.

All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.

If someone knows how to do this with a smart contract, we can do it on chain, so I can send USDC.

If you won't do that, name a custodian."

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