$1M Bitcoin - Hyperinflation Inbound
The former Chief Technical Officer (CTO) of Coinbase, Balaji Srinivasan, has made a $1 million bet that Bitcoin will reach $1M within 90 days.
Balaji tweeted back in 2020 predicting many trends that continue with us today.
Balaji says that Hyperinflation is happening now. The recent bank failures has caused the FED to print $318 Billion which will lead to more inflation. There are 186 banks that are facing problems like Silicon Valley Bank. How much more will be printed?
If there is a bank run, more banks will collapse. During bank runs hyperinflation can happen quickly.
The way out he says is to buy Bitcoin and hedge against the hyper inflation.
My take is that Central banks will bring in their own CBDC as the only answer to the banking crisis.
Regardless of what happens we are going to see wild events in coming months. Buckle up!