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Will bitcoin's price reach $1 million in 90 days?
Balaji Srinivasan, the former CTO of Coinbase, has recently garnered attention for his prediction that Bitcoin’s price will reach $1 million over the next 90 days. While many experts remain skeptical, Srinivasan believes that the ongoing global banking crisis and the impending hyperinflation will lead to a surge in Bitcoin’s value.How lopsided is a bitcoin bet?
One of the most lopsided bets I’ve ever seen. Balaji bets 1M USD that 1 Bitcoin is at least 1M USD in 90 days. A significant indicator that might propel Bitcoin’s valuation to unprecedented heights is its market cap. In recent years, Bitcoin’s market cap has consistently risen due to increased adoption and institutional investment.Is a $1 million bitcoin a sign that something major is broken?
It would actually be a sign that something major is broken,” he said. Kratter suggested Bitcoin at $1 million remains in play, noting that the asset is increasingly becoming attractive as a safe haven due to its lack of counterparty and debasement risks, which are prevalent in other assets.Will Bitcoin (BTC) reach a new multi-month high?
Expert analyzes Balaji’s forecast Bitcoin ( BTC) continues to dominate conversations in the financial world, having capitalized on the crisis in the United States banking system to reach a new multi-month high. The recent performance has prompted industry experts to offer projections on Bitcoin’s potential price action in the coming days.- Terms & Agreement
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