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CATEGORY: bitcoin bet

Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 19, 2023 05:50

Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and [...]

The post Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days appeared first on Crypto Breaking News.

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Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 13, 2023 02:11

Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet

Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO of Coinbase also said he will issue an update on his ongoing $1 million-dollar [...]

The post Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet appeared first on Crypto Breaking News.

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Bitcoin OG bets surprising sum on BTC hitting $100K before the halving
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 07, 2023 05:50

Bitcoin OG bets surprising sum on BTC hitting $100K before the halving

Blockstream CEO Adam Back, one of the crypto’s early pioneers, is pretty confident Bitcoin will hit an all-time high of over $100,000 before Bitcoin’s halving in 2024 — and is willing to drop a million wagering on it. In an Aug. 7 conversation on X (formerly known as Twitter), Back agreed to a bet with [...]

The post Bitcoin OG bets surprising sum on BTC hitting $100K before the halving appeared first on Crypto Breaking News.

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Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 04, 2023 01:25

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially committed $1 million, with two-thirds of the money donated to two organizations. Former Coinbase

The post Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet appeared first on BTC Ethereum Crypto Currency Blog.

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Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 03, 2023 05:50

Balaji pays out his crazy $1M Bitcoin bet, 97% under price target

A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price, with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement. On May 2, Srinivasan, the former chief technology officer at Coinbase, said the bet had been “closed out [...]

The post Balaji pays out his crazy $1M Bitcoin bet, 97% under price target appeared first on Crypto Breaking News.

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