Balaji Srinivasan's $1 Million Bitcoin Bet Comes to a Close.
Balaji Srinivasan settled a $1 million bet made in March by donating $1.5 million of his own money to charity and Bitcoin core developers. He claims that the US economy is in bad shape and that people will turn to cryptocurrency, eventually leading to hyperbitcoinization. Srinivasan believes that Bitcoin will hit a market cap of $19.3 trillion and that economic catastrophe is coming. He made the donations to signal that "things could unwind very fast" and that the US is printing trillions.