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Former Coinbase CTO Loses $1 Million Bitcoin Bet, Warns About US Hyperinflation
4.5.2023
Coinbase’s former chief technology officer Balaji Srinivasan has settled his bet from March that Bitcoin would reach $1 million in just 90 days, while warning the public that he still believes hyperinflation is coming.
“I just burned a million to tell you they're printing trillions,” Srinivasan...
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
4.5.2023
Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially committed $1 million, with two-thirds of...
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
3.5.2023
The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable
Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development
2.5.2023
Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days
Balaji Srinivasan Explains $1M Bitcoin Bet Rationale, Says Could Take Longer Than 90 Days
28.4.2023
"I may be wrong but I'm burning a million to tell you they're printing trillions," Srinivasan said, during CoinDesk's Consensus 2023 conference
Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet
13.4.2023
Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO...
Microstrategy Bitcoin bet turns green as BTC price climbs to 10-month high
11.4.2023
Michael Saylor, the co-founder of the Fortune 500 company, had maintained throughout the bear market that they would continue to invest in Bitcoin as they are confident in its fundamentals
Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong
1.4.2023
A Million-Dollar Bitcoin Bet, Financial Crisis Warnings Abound, and Ordinal Inscriptions Surpass 500,000 — Week in Review
26.3.2023
Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about inflation, recession, and a brewing economic crisis....
Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
19.3.2023
Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a...
Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury
27.2.2023
The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 million bitcoin payout, but Fury won the fight in a split-decision victory. Drake Loses $400K Bitcoin...
MicroStrategy's Bitcoin Bet Backfires: Reports Massive Fourth Quarter Loss – Here's What You Need to Know
3.2.2023
Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.
The net loss for MicroStrategy for the fourth quarter ended up at $249.7m, with the number dragged down...
Group One “Beneficially” Owns 13% of MicroStrategy in Big Bitcoin Bet - Is the BTC Bottom In?
11.1.2023
Chicago-based trading firm Group One Trading has taken a massive bet on bitcoin (BTC) by taking a “beneficial” position representing 13% of bitcoin bull Michael Saylor’s company MicroStrategy.
The bet on MicroStrategy’s stock included bullish options that gives the trading firm the right to...
The Real Deal? Peter McCormack's Bedford Bitcoin Bet scores more than goals
20.8.2022
Real Bedford Football Club nets another example of how Bitcoin grassroots adoption benefits the broader community
El Salvador is Down $52M on its Bitcoin Bet After Market Crash
14.6.2022
Led by President Nayib Bukele, the country made bitcoin legal tender and began buying the crypto in September 2021
MicroStrategy Now Down $1B on its Bitcoin Bet
13.6.2022
MicroStrategy's unrealized bitcoin losses now stand at $1 billion following the asset's fall to $23,000 on Monday
Terra’s USD 10B Bitcoin Bet May be Both a Curse and a Blessing
1.4.2022
Terra (LUNA) founder Do Kwon’s plan to partly back the stablecoin UST with bitcoin (BTC) is causing both excitement and concern in the community, with some fearing what could happen to the bitcoin market if Terra faces problems with trust or liquidity.
The plan to back UST with BTC has been...
Canadian Rapper Drake Nets USD 300,000 From His Bitcoin Bet on the Super Bowl
15.2.2022
Massively popular Canadian rapper Drake has profited USD 300,000 from his three bets cumulatively worth USD 1.26m worth of bitcoin (BTC), on the Super Bowl match between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals.
The 35-year-old rapper first posted screenshots of his wager...
Bullish all the way? MicroStrategy doubles down on its Bitcoin bet
16.6.2021
MicroStrategy’s latest bond offering seeks to deliver a yield of 6.25%–6.5% — significantly higher than an average junk bond yield of 4.01%
First Mover: Elon Musk’s #bitcoin Bet Pays Off With $270M Gain on First Day
9.2.2021
Tesla has forged a path that other corporate treasurers might follow into bitcoin. PLUS: Ether hits new record price above $1,800 as CME futures debut