ביטקאָין נייַעס: Balaji Srinivasan, Former Coinbase CTO assured of the bet the Bitcoin price will reach $1 million in the upcoming days. He posted screenshots and address of the escrow account in order to make sure that the deal is still on. However, he stated that this setup will be like Simon-Erlich style public interest bet. It should be clear that there should be a zero profit motive behind this bet.
Bitcoin To $1 Million Still On?
Earlier, James Medlock in a טוועעט mentioned that Balaji Srinivasan didn’t submit the money into escrow as decided. He added that ex Coinbase CTO is discussing with lawyers how to make this bet legal. However, the backup plan is to give the $1 million directly to the charity.
To this Srinivasan replied that as announced he has moved $2 million into USDC days ago.
On the Market side, Bitcoin price declined on Saturday after surging by 16% over the past 30 days. BTC is trading at an average price of $27,400, at the press time. However, BTC was trading over $28K this week. לייענען מער ביטקאָין נייַעס דאָ ...
The post Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet; But There’s A Catch appeared first on CoinGape.
Source: https://coingape.com/bitcoin-news-btc-to-1-million-ex-coinbase-cto-assures-of-bet-but-theres-a-catch/