{"id":18951,"date":"2023-03-20T21:00:12","date_gmt":"2023-03-20T21:00:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-is-only-90-days-away-from-hitting-1-0-million-pro\/"},"modified":"2023-03-20T21:00:12","modified_gmt":"2023-03-20T21:00:12","slug":"bitcoin-is-only-90-days-away-from-hitting-1-0-million-pro","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-is-only-90-days-away-from-hitting-1-0-million-pro\/","title":{"rendered":"Bitcoin is only 90 days away from hitting $1.0 million: Pro"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/167507262_m_normal_none-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/167507262_m_normal_none-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/167507262_m_normal_none-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/167507262_m_normal_none-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Former Coinbase CTO says Bitcoin will hit $1.0 million by June 17th.<\/li>\n<li>Custodia Bank founder dubs BTC an insurance policy; a scarce asset.<\/li>\n<li>Bitcoin is currently trading well above its 200-day Moving Average.<\/li>\n<\/ul>\n<p>Bitcoin will take hardly three months to shoot up to $1.0 million per coin, says Balaji Srinivasan \u2013 the former CTO of Coinbase Global Inc.<\/p>\n<h2>Why is he super bullish on Bitcoin?<\/h2>\n<p>The entrepreneur and investor relates his super bullish view to the <a href=\"https:\/\/www.ameriprise.com\/financial-news-research\/insights\/recent-bank-failures-impact\" target=\"_blank\" rel=\"noopener\">recent bank failures<\/a> that he warns will hyperinflate the U.S. dollar. In a recent <a href=\"https:\/\/twitter.com\/balajis\/status\/1636822077775941633\" target=\"_blank\" rel=\"noopener\">tweet<\/a>, he said:<\/p>\n<blockquote>\n<p>\u201cCentral bank, the banks, and the bank regulators have bankrupted all of us. They hid their insolvency from you, the depositors. And they\u2019re about to print $2.0 trillion to hyperinflate the dollar.<\/p>\n<\/blockquote>\n<p>Srinivasan also launched a campaign he\u2019s calling \u201cBitSignal\u201d that promises a $1,000 reward (each) to 1,000 best pieces of content that informs on the impending devaluation of the USD.<\/p>\n<p>BTC is currently trading well above its 200-day Moving Average.<\/p>\n<h2>Srinivasan is in a bet with James Medlock<\/h2>\n<p>Srinivasan made the forecast on Twitter where he agreed to a bet with James Medlock (pseudonymous Twitter speaker) to whom he\u2019ll have to pay $1.0 million if Bitcoin doesn\u2019t hit his suggested valuation by June 17<sup>th<\/sup>.<\/p>\n<blockquote>\n<p>You buy 1 BTC. I will send $1.0 million. This is ~40:1 odds as 1 BTC is worth ~26K. The term is 90 days.<\/p>\n<\/blockquote>\n<p>The discussion started on March 17<sup>th<\/sup> when Medlock said he was willing to bet $1.0 million that fears of hyperinflation in the United States were merely overblown \u2013 a bet that Srinivasan accepted.<\/p>\n<p>Also on Monday, Custodia Bank founder Caitlin Long <a href=\"https:\/\/www.cnbc.com\/video\/2023\/03\/20\/crypto-is-an-insurance-policy-its-a-scarce-asset-says-custodia-banks-caitlin-long.html\" target=\"_blank\" rel=\"noopener\">dubbed<\/a> Bitcoin an insurance policy; a scarce asset.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-hit-1-million-former-coinbase-cto\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Former Coinbase CTO says Bitcoin will hit $1.0 million by June 17th. Custodia Bank founder dubs BTC an insurance policy; a scarce asset. Bitcoin is currently trading well above its 200-day Moving Average. Bitcoin will take hardly three months to shoot up to [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":18952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18951"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18951"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18952"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}