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Former Coinbase CTO makes $2M bet on Bitcoin’s performance


Former Coinbase (NASDAQ:COIN) chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin‘s (BTC) price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17.

The wager was initiated on March 17, when pseudonymous Twitter user James Medlock offered to bet anyone $1 million that the United States would not experience hyperinflation. A few hours later, the former Coinbase CTO accepted the bet.

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