Yikes! Only 1 Day Remaining For Balaji Srinivasan's $1M Bet—Yet Bitcoin Fails To Surge By Even 1%
Portfolio Pulse from Mehab Qureshi
Former Coinbase CEO Balaji Srinivasan bet that Bitcoin would reach $1 million within 90 days, which expires on June 17. However, with one day left, Bitcoin's price is down roughly 3% since the wager was placed. Srinivasan settled the bet early in May.
June 16, 2023 | 11:25 am
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Bitcoin's price is down roughly 3% since Balaji Srinivasan's $1M bet, which expires on June 17. Srinivasan settled the bet early in May.
The news highlights the failure of Bitcoin to surge in value as predicted by Balaji Srinivasan. This could lead to a negative sentiment among investors, potentially causing a short-term decline in Bitcoin's price.
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