Balaji Srinivasan's Bold Bitcoin Bets and Donations.

Balaji Srinivasan has closed his $1 million bet on Bitcoin ahead of time and donated $1.5 million to three entities as settlement, including $500,000 for Bitcoin Core development at Chaincode Labs. Srinivasan had predicted a banking crisis to trigger a sizable devaluation of the US dollar, hyperinflation, and a surge in Bitcoin to $1 million by mid-June. He argued that the current crop of leaders, including Federal Reserve Chair Jerome Powell, are in denial about the economy's state.