Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development

Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days.

• 2023-05-03
• Balaji Srinivasan Silicon Valley Bank Signature Bank Silvergate Bank Ben Bernanke global financial crisis chief technology officer Federal Reserve Andreessen Horowitz

Former Coinbase Official Balaji Srinivasan Closes Out $1 Million Bitcoin Bet Early

(Bloomberg) -- Balaji Srinivasan, the former chief technology officer of Coinbase Global Inc., said he closed out what appeared to be a losing bet that Bitcoin would rise to $1 million within 90 days. Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItIBM to Pause Hiring for Jobs That AI Could DoWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapMorgan Stanley Plans 3,000 More Job Cuts as Dealmaking SlumpsJPMorgan Ends First Republic’s Turmoil Af

• 2023-05-03
• Balaji Srinivasan James Medlock Bitcoin Bloomberg Coinbase Global Inc. Chaincode Labs Twitter chief technology officer

Balaji Srinivasan 'Burns' $1 Million in Bitcoin to Prove a Point

The investor and ex-Coinbase CTO has settled his Bitcoin bet early, but insists we are in the midst of a “fiat crisis.”

• 2023-05-03
• Balaji Srinivasan James Medlock Bitcoin

Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

Coinbase's former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents.

• 2023-03-25
• Balaji Srinivasan banking crisis asset purchases Federal Reserve hyperinflation banking sector

Bitcoin To $1 Million: Former Coinbase CTO Predicts Bitcoin To Rise 35,000% In June Amid U.S. Bank Uncertainty

Former Coinbase Chief Technology Officer (CTO) Balaji Srinivasan is betting big on Bitcoin (BTC/USD), predicting the cryptocurrency will hit $1 million by June 17 because of a rapid devaluation of the U.S. dollar. Srinivasan entered into a $1 million bet via Twitter with two individuals, offering up Circle's USDC stablecoin to pseudonymous Twitter personality James Medlock and another unnamed person if Bitcoin fails to achieve the historic gains he predicts. The bet is part of Srinivasan’s view

• 2023-03-23
• Balaji Srinivasan Twitter cryptocurrency value of Bitcoin Adam Cochran

Here’s the pro-bitcoin, anti-bank argument advanced by a former Coinbase executive that’s making waves

It's not a new view, but in the wake of the collapse of three U.S. banks and Credit Suisse's rescue, one investor's anti-bank, pro-bitcoin argument is making waves.

• 2023-03-20
• Balaji Srinivasan Silicon Valley Bank argument Credit Suisse SVB Financial bank regulators chief technology officer

How Realistic Is Former Coinbase CTO’s $2 Million Bitcoin Wager on US Hyperinflation?

Balaji Srinivasan predicted that Bitcoin would reach $1 million in around 90 days.

• 2023-03-20
• Balaji Srinivasan Adam Cochran Coinbase Twitter value of Bitcoin Bitcoin