Former Coinbase CTO makes $2M bet on Bitcoin’s performance
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Former Coinbase (NASDAQ:COIN) chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin’s (BTC) price over the next 90 days, predicting the cryptocurrency will reach $1 million by June 17.
The wager was initiated on March 17, when pseudonymous Twitter user James Medlock offered to bet anyone $1 million that the United States would not experience hyperinflation. A few hours later, the former Coinbase executive accepted the bet.