According to news on March 19, former Coinbase Chief Technology Officer Balaji Srinivasan and Twitter user James Medlock made a million-dollar bet on the price of Bitcoin.
According to the proposed terms, Balaji buys one bitcoin, and if the bitcoin price does not reach $1 million within 90 days (June 17), James Medlock will win Balaji’s $1 million, otherwise he will lose one bitcoin.
Balaji said he was also looking to make an equal-sized bet on the price of bitcoin with another person.