On spaces today Balaji admitted that the 1mill bet is a stunt to send a message and if he thought bitcoin was gonna appreciate to that level he would have just bought Bitcoin with the mill.
Discussion
That’s weird. Not a lot of upside to that stunt. Seems like a waste of ~40 bitcoin.
Also to send the message that the banks are insolvent right? So marketing stunt/warning signal.
Yeah, I never saw him as a “I will eat my dick on national television” kind of guy
So he is just going to waste the mil…. I don’t get it
It's also not a bet about the price of bitcoin, it's a bet that US will enter hyperinflation
Obviously