According to news on March 19, former Coinbase CTO Balaji Srinivasan said on Twitter that he will bet $2 million, betting that Bitcoin will hit a price of $1 million within 90 days.
Financial expert James Medlock is betting $1 million that the country will not fall into hyperinflation. Balaji believes that the current banking situation is similar to the 2008 financial crisis.
Central banks, banks, and regulators have all underperformed in this banking crisis, which goes beyond fractional reserves and banks don’t have enough money to handle withdrawals.