BTC to Hit $1 Million in Two Months? Balaji Srinivasan Thinks So!

Alisha Deo

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Balaji Srinivasan Predicts Bitcoin Will Hit $1 Million in Two Months

  • Balaji Srinivasan, former Coinbase chief technology officer, believes that bitcoin could hit $1 million per unit as early as June of this year.
  • Srinivasan believes this spike will occur due to hyperinflation caused by the Federal Reserve lying about how much money there is in the banks.
  • Srinivasan has even offered to pay anyone who bets against his prediction $1 million if he is wrong.

Background Information on Balaji Srinivasan

Balaji Srinivasan is a former Coinbase chief technology officer and a big believer in Bitcoin. He has recently gone on record stating that he believes BTC could reach $1 million per unit as soon as June of this year. This would mean a spike of more than 3,600 percent in just 60 days. Other industry heads such as John McAfee and Cathie Wood have also spoken of such a milestone, but they believed it would take several years for Bitcoin to get there.

The Hyperinflation Theory

Srinivasan believes that hyperinflation will be the cause for such an extreme spike in price. He explains that digital pandemics (COVID), digital riots (BLM), and digital bank runs (SVB) are all contributing factors to the potential hyperinflation which could push Bitcoin prices beyond what people initially thought possible. To prove his point, Srinivasan has even gone so far as offering to pay anyone who bets against him $1 million if he is wrong.

Other Industry Heads Believe In The Million-Dollar Mark TooThe Fed Hasn’t Told The TruthConclusion
Balaji Srinivan’s prediction of Bitcoin hitting $1 million per unit within two months‘ time has made some waves among industry analysts and investors alike – while some believe it may happen sooner rather than later, others argue it will take longer than expected due either way we should keep an eye out for any developments over the coming weeks!