$1 million per $BTC – here's how much investment Bitcoin needs to consume. ali_charts
Ali believes that, in theory, it is possible; however, it would require an enormous amount of investment into the flagship digital currency.Balaji Srinivasan, who used to work as a16z partner and Coinbase CTO, announced on his Twitter page that he expects Bitcoin to reach aHe even made a bet: if it does not happen, he will pay his opponent $1 million that will oppose his Bitcoin bet. He stated that he had moved 2 million USD into USDC stablecoin for that purpose.
He explained his overoptimistic bet on Bitcoin, saying that now, same as back in 2008 during the mortgage crisis, bankers and bank regulators have been lying to all holders and depositors of U.S. dollars. He believes that banks do not possess enough funds to cover current withdrawals.According to a tweet by Martinez, a whopping $18,797,203,666,237 needs to be invested in Bitcoin to push it to the $1 million level within three months, in accordance with the bet of Balaji Srinivasan.
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