Former Coinbase CTO makes $2M bet on Bitcoin’s performance By Cointelegraph


© Reuters.

Former Coinbase (NASDAQ:) chief technology officer Balaji Srinivasan has made a millionaire bet on ‘s (BTC) price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17.

The wager was initiated on March 17, when pseudonymous Twitter user James Medlock offered to bet anyone $1 million that the United States would not experience hyperinflation. A few hours later, the former Coinbase CTO accepted the bet.