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