What was the outcome of Srinivasan's million bitcoin bet?

6 answers

• Les SmithAug 28, 2023 · 2 years ago
  Well, let me give you the lowdown on Srinivasan's million bitcoin bet. Back in 2018, Balaji Srinivasan, the former CTO of Coinbase, made a bet on Twitter that the price of bitcoin would reach $1 million by the end of 2020. The bet was with Joe Weisenthal, the executive editor of news for Bloomberg Digital. Unfortunately for Srinivasan, he lost the bet. As of the end of 2020, the price of bitcoin was nowhere near $1 million. It was a bold prediction, but it didn't pan out.
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• deflkyAug 05, 2021 · 4 years ago
  Ah, the million bitcoin bet! That was quite a hot topic in the cryptocurrency world. Srinivasan, the former CTO of Coinbase, made a bet with Joe Weisenthal that the price of bitcoin would hit $1 million by the end of 2020. However, things didn't go as planned. The price of bitcoin didn't even come close to reaching that mark. It was a long shot, and Srinivasan ended up losing the bet. It just goes to show that even the most optimistic predictions can fall short in the volatile world of cryptocurrencies.
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• aliMay 19, 2025 · 3 months ago
  Let me fill you in on the outcome of Srinivasan's million bitcoin bet. Balaji Srinivasan, the former CTO of Coinbase, made a bet with Joe Weisenthal that the price of bitcoin would reach $1 million by the end of 2020. The conditions of the bet were that if bitcoin hit $1 million, Weisenthal would pay Srinivasan $1 million, and if it didn't, Srinivasan would pay Weisenthal $1. As you might have guessed, Srinivasan lost the bet and had to pay Weisenthal $1. It was an interesting wager, but unfortunately for Srinivasan, the price of bitcoin didn't skyrocket as he had hoped.
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• Domenico AltavillaAug 07, 2025 · 20 days ago
  As an expert in the cryptocurrency industry, I can tell you all about Srinivasan's million bitcoin bet. Balaji Srinivasan, the former CTO of Coinbase, made a bold prediction that the price of bitcoin would reach $1 million by the end of 2020. He even made a bet with Joe Weisenthal, the executive editor of news for Bloomberg Digital, to back up his claim. However, the outcome was not in Srinivasan's favor. The price of bitcoin fell far short of $1 million by the end of 2020, and he lost the bet. It just goes to show that even the most knowledgeable individuals in the industry can make inaccurate predictions.
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• Amir AhmadzadehJul 01, 2022 · 3 years ago
  Let's talk about Srinivasan's million bitcoin bet. Balaji Srinivasan, the former CTO of Coinbase, made a wager with Joe Weisenthal that the price of bitcoin would hit $1 million by the end of 2020. The conditions of the bet were that if bitcoin reached $1 million, Weisenthal would pay Srinivasan $1 million, and if it didn't, Srinivasan would pay Weisenthal $1. Unfortunately for Srinivasan, the price of bitcoin didn't come close to $1 million by the end of 2020, and he had to pay Weisenthal $1. It was an interesting bet, but it didn't turn out in Srinivasan's favor.
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• adrDOct 03, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, has been closely following the outcome of Srinivasan's million bitcoin bet. Balaji Srinivasan, the former CTO of Coinbase, made a bet with Joe Weisenthal that the price of bitcoin would reach $1 million by the end of 2020. However, the bet didn't go as planned. The price of bitcoin didn't even come close to $1 million, and Srinivasan lost the bet. It's a reminder that making accurate predictions in the volatile cryptocurrency market is no easy task.
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