This is an opinion editorial by Ivan Serrano, a growth marketer and business consultant.
Image by Kanchanara for Unsplash.com
In the cryptocurrency world, bold bets and outrageous predictions are not uncommon. And yet, Balaji Srinivasan, a prominent and occasionally-controversial figure in crypto and tech, made major finance headlines when he announced a daring wager that bitcoin would reach a staggering $1 million per coin within 90 days.
The Bitcoin and larger crypto community immediately began analyzing what drove him to make such a daring statement. Srinivasan predicted this on March 17, 2023 — when bitcoin was trading at $26,000 in the middle of a bearish market. The terms of the bet stated that if the bitcoin price did not reach $1 million by June 17, 2023, he would pay out $1 million to the other party, Twitter pundit James Medlock. The bet would settle in USDC stablecoin. Srinivasan estimated the odds at forty to one.
Many were skeptical about the pronouncement, ca
We współpracy z: https://bitcoinmagazine.com/culture/why-did-balaji-srinivasan-bet-1-million-on-bitcoin
