Crypto Twitter Betting on ‘Hyperinflation’ Catapulting BTC to $1 Million in 3 Months 

Arun Srivastav
Arun Srivastav

19 Mar 2023 12:37 PM

Crypto pioneer and VC offered $1 million to 1,000 tweets that best expose stealth financial crisis disguised in banking bailout....

  • Balaji Srinivasan, a crypto pioneer and former CTO of Coinbase, offered $1 million in BTC to the best 1,000 tweets that expose the stealth financial crisis disguised in banking bailout.
  • He claimed that the US economy would enter a phase of hyperinflation in 90 days, catapulting BTC to $1 million.
  • Balaji urged people to buy Bitcoin and get their coins off exchanges.
  • The banking crisis of 2023 caused three US mainstream banks to fold up operations, triggering massive bank runs involving hundreds of regional banks.
  • The liquidity crisis faced by the banks was caused by government bonds becoming cheaper after the Fed Reserve increased the interest rate in recent months in a bid to tame inflation.

The article has a negative sentiment as it talks about the banking crisis and the potential hyperinflation of the US economy. However, it also highlights the potential benefits of investing in Bitcoin during such a crisis.

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Related Questions

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