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A Sudden Onset of Hyperinflation: What Will Happen to Bitcoin?

Last weekend, Twitter was ablaze with reactions to former Coinbase Chief Technology Officer Balaji Srinivasan accepting a bet proposed by James Medlock that due to hyperinflation in the United States a single bitcoin would be worth $1 million in just 90 d

Last weekend, Twitter was ablaze with reactions to former Coinbase Chief Technology Officer Balaji Srinivasan accepting a bet proposed by James Medlock that due to hyperinflation in the United States a single bitcoin would be worth $1 million in just 90 days (by June 15, 2023). The bet loosely works like this: In 90 days, Srinivasan will send Medlock $1 million U.S. dollars and Medlock will send Srinivasan 1 BTC. It feels like a marketing ploy.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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