Balaji Srinivasan's Bold Bitcoin Bets and Donations.
TL;DR
Balaji Srinivasan has closed his $1 million bet on Bitcoin ahead of time and donated $1.5 million to three entities as settlement, including $500,000 for Bitcoin Core development at Chaincode Labs. Srinivasan had predicted a banking crisis to trigger a sizable devaluation of the US dollar, hyperinflation, and a surge in Bitcoin to $1 million by mid-June. He argued that the current crop of leaders, including Federal Reserve Chair Jerome Powell, are in denial about the economy's state.
Topics:businesscryptocurrency#balaji-srinivasan#bitcoin#cryptocurrency#donations#federal-reserve#hyperinflation
- Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development CoinDesk
- Balaji Srinivasan 'Burns' $1 Million in Bitcoin to Prove a Point Decrypt
- Former Coinbase Official Balaji Srinivasan Closes Out $1 Million Bitcoin Bet Early Yahoo Finance
- Balaji pays out his crazy $1M Bitcoin bet, 97% under price target Cointelegraph
- Balaji Srinivasan ‘Not Backtracking’ on Massive Bitcoin (BTC) Bet As Probability of US Debt Default Rises The Daily Hodl
- View Full Coverage on Google News
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