Crypto Twitter Betting on ‘Hyperinflation’ Catapulting BTC to $1 Million in 3 Months
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.
Related Questions
Who is Balaji Srinivasan and what did he offer in his tweets?
What is the banking crisis of 2023 and what caused it?
How did the US government respond to the banking crisis?
What is the potential impact of hyperinflation on the US economy?
How did the cryptocurrency market perform during the Covid-19 pandemic?
Related Queries
Cryptocurrency
Banking crisis
Hyperinflation
BTC
Financial bailout
Banks
Financial Crisis