March 25, 2023

[Editor's note: This is such a bizarre bet, we decided to make this issue outline the bet. You can follow this bull on Twitter.]

Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth

Balaji S. Srinivasan, former CTO of Coinbase crypto exchange is betting to on Bitcoin (BTC) price to breach $1 million in next 90 days. Bitcoin (BTC), the world's largest cryptocurrency is riding on massive bullish sentiments amid the ongoing crisis in the global banking sector. Investors are in rejoice as Bitcoin price marked a whopping surge of 35% over the past 7 days. As the Bitcoin price rally continues, the Former Coinbase CTO is expecting Bitcoin to reach $1 million in the next 90 days.

Ex-Coinbase CTO Bets Bitcoin To Reach $1 Mln

Balaji S. Srinivasan, former CTO of Coinbase crypto exchange is betting with "James Medlock" a reported neoliberal over Bitcoin price to breach the enormous $1 million figure. However, Isaac Haxton, American professional poker player decided to jump in to grab the opportunity. Haxton in a tweet stated that he can send one Bitcoin to escrow on the behalf of James Medlock if he is donating 70% to GiveDirectly. However, the Poker player added that he'll take all of the downsides if Medlock loses and none of the upsides if he wins.

To this Ex Coinbase CTO reacted that they can do it via smart contract, however, escrow will also work. He mentioned that the rules that the escrow person would need one BTC address and one Ethereum address, while the assets would stay on-chain for 90 days. alaji mentioned that if Bitcoin stays less than 1 million in 90 days after the bet, then Haxton will win and get to keep one BTC and $1 million in USDC. However, if Bitcoin price breaches $1 million in 90 days then Ex Coinbase CTO will get both Bitcoin and $1 million USDC.

Bitcoin price is up by over 2% in the last 24 hours. BTC is trading at an average price of $27, 524, at the press time. Its 24 hour trading volume is up by 5% to stand at $44.3 billion.
------------------------

Well one more article in full...

Bitcoin Price To Hit $30,000? Willy Woo, Binance CEO "CZ", PlanB, Balaji Bullish On It

Bitcoin price rallied massively to hit a 9-month high of $27,787 as it strongly breaks above the key 200-WMA at $25.3K. Bitcoin and Ethereum prices soared after the U.S. Federal Reserve started money printing with an initial $300 billion in funding for rescuing cash-strapped banks since the collapse of Silicon Valley Bank and Signature Bank.

Crypto leaders and influencers including Binance CEO "CZ", Bitcoin analyst Willy Woo, stock-to-flow model creator PlanB, former Coinbase CTO Balaji Srinivasan, and others are confident about Bitcoin price hitting $30,000. Binance CEO "CZ" took to Twitter to share the good news that Bitcoin rallied past $27K, mocking U.S. banks and appreciating crypto holders who held amid FUD due to recent events. He is bullish on Bitcoin as banks crumble.

Popular Bitcoin analyst Willy Woo also took to Twitter to share his favorite on-chain indicators for Bitcoin. He recommends buying when the BTC price is between the realized price and the Cumulative Value Days Destroyed (CVDD) floor. Investors should also buy more when the price move past the purple line. Bitcoin stock-to-flow model creator PlanB revealed that rebounding towards dark blue area of the stock-to-flow valuation model. He believes that Tripple top for a new ATH in the current cycle is possible as the Bitcoin halving is coming.

Meanwhile, former Coinbase CTO Balaji Srinivasan predicts bank failures and money printing will cause Bitcoin price to hit $1 million within 90 days. On Friday, he made a bet with James Medlock, a self-proclaimed social democrat, over U.S. entering hyperinflation. Balaji Srinivasan is ready to transfer $1 million in USDC for the bet to either a smart contract or an escrow person.

Bitcoin price currently holds above the 200-WMA, as reported earlier by Coingape. BTC price currently trades at $27,587. The 24-hour low and high are $26,209 and $27,787. Bitcoin will face resistance in the $28.5K-29K range, it will cross the mark if the U.S. Fed FOMC rate hike decision comes in dovish.