Bet

On March 19th, Balaji Srinivasan, a former chief technology officer of Coinbase, and James Medlock, a Twitter user, made a million dollar bet on the price of the special currency. According to the proposed terms, Balaji purchases a Bitcoin. If the Bitcoin price does not reach $1 million within 90 days (June 17), James Medlock will win Balaji’s $1 million, and otherwise lose a Bitcoin. Balaji said that he also sought to make a comparable bet against another person on the price of the special currency. Former Coinbase CTO and Twitter users make a million dollar bet on the price of a specific currency Analysis based on this information:The world of cryptocurrency continues to capture people’s attention, especially when Bitcoin is the focus. So, on March 19th, Balaji Srinivasan, a former chief technology officer of Coinbase, and James Medlock, a Twitter user, decided to make a million dollar bet on the price of Bitcoin, which is the world’s largest cryptocurrency….