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.