⸺ Bull case · March 17, 2023 ⸺
Balaji Srinivasan
Investor, ex-CTO CoinbaseInvestor
“I'll bet $1 million that BTC is worth more than $1M in 90 days.”
Price at the call
$27,441
Today
$61,577
Target · in 90 days
$1M
Boldness of the call×36.4
Progress to target4%
Needs another ×16.2 from today’s $61,577.
If you’d listened
×2.24
+124% since the call
Annualized audacity
176M%/yr
required return per year
Skin in the game
82/100
Staked $1M on a 90-day bet — and paid out ~$1.5M when it lost.
A $1M bet on hyperbitcoinization in three months, predicated on imminent US banking collapse and dollar hyperinflation. Bitcoin never came close; Balaji conceded early and paid out ~$1.5M, reframing it as 'I burned a million to tell you they're printing trillions.'