Crypto Braces for a $20 Trillion ‘Black Swan’ as Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon, and Solana Prices Soar: ‘They’re Printing Trillions’
Technology investor Balaji Srinivasan has repeated his claim that bitcoin could reach $1m, arguing that despite pulling back his prediction, the risk he outlined of US inflation means the crypto bet remains an appealing directional signal. Srinivasan, an early bitcoin investor and former CTO of Coinbase, suggested a US sovereign default could be driven by an inability to lift the US’ existing $31.4tn debt ceiling, with money printing currently underway to prop up banks. But he admitted certainty over the timing of such an event was elusive. Srinivasan is currently making a bet on PredictIt, a political betting website that lets traders win money if an event occurs by buying low and selling high.
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