Balaji’s $1M Bitcoin bet, banking crisis update, OpenAI launches GPT-4, and Jay Trading! | E1702
This Week in Startups
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Bitcoin Hits 1 Million Dollars by June 17th
A user named James Medlock tweeted the following on March 16th: $1 million that the US does not enter hyperinflation. The bet is that Bitcoin will hit 1 million in 90 days by June 17th. And for reference, Bitcoin is trading at about $28,000 right now. He only needs to see Bitcoin go up 4% to cover the loss from the bet. Anything above 4% increase, he is profit for his Bitcoin holdings.
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