Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong

The post Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong appeared on BitcoinEthereumNews.com. First, why did the inflation hedge thesis lose credibility? Well, people saw inflation rising rapidly in late 2021 and early 2022, just as bitcoin’s price quickly fell. Ergo, bitcoin wasn’t…

Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong

The post Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong appeared on BitcoinEthereumNews.com.

First, why did the inflation hedge thesis lose credibility? Well, people saw inflation rising rapidly in late 2021 and early 2022, just as bitcoin’s price quickly fell. Ergo, bitcoin wasn’t…