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$1 Million per Bitcoin (BTC) Within 3 Months Possible If This Happens: Expert

Mon, 03/20/2023 - 14:21
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Yuri Molchan
Crypto analyst has named amount that needs to be invested in Bitcoin so it can reach $1 million within three months
$1 Million per Bitcoin (BTC) Within 3 Months Possible If This Happens: Expert
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Crypto trader and analyst Ali Martinez has commented on the extremely optimistic bet of Balaji Srinivasan that Bitcoin will reach the $1 million level within merely 90 days.

Ali believes that, in theory, it is possible; however, it would require an enormous amount of investment into the flagship digital currency.

Trillions of USD needed to push Bitcoin to $1 million

Balaji Srinivasan, who used to work as a16z partner and Coinbase CTO, announced on his Twitter page that he expects Bitcoin to reach a staggering price level of $1,000,000 within 90 days — that would be a 40x rally for BTC.

He even made a bet: if it does not happen, he will pay his opponent $1 million that will oppose his Bitcoin bet. He stated that he had moved 2 million USD into USDC stablecoin for that purpose.

He explained his overoptimistic bet on Bitcoin, saying that now, same as back in 2008 during the mortgage crisis, bankers and bank regulators have been lying to all holders and depositors of U.S. dollars. He believes that banks do not possess enough funds to cover current withdrawals.

According to a tweet by Martinez, a whopping $18,797,203,666,237 needs to be invested in Bitcoin to push it to the $1 million level within three months, in accordance with the bet of Balaji Srinivasan.

Peter Brandt Calls $1 Million Bitcoin (BTC) Price Prediction “Stupid”

Community's reaction to $1 million BTC bet

Twitter user James Medlock accepted the bet made by Srinivasan. This Bitcoin price prediction has already caused several major figures in crypto and investment circles to share their skeptical takes. Among them is skilled commodity trader Peter Brandt, and scholar and risk manager Nassim Taleb.

Brandt stated that this prediction is "stupid," although he does not exclude that Balaji Srinivasan may just get lucky. The authors of "Black Swan," "Antifragile" and other popular nonfiction books referred to this bet as a "lunatic move."

Cryptocurrency influencer David Gokhshtein, founder of Gokhshtein Media, commented in a tweet that if Bitcoin reaches $1 million, he would delete his Twitter account. He also promised to do that earlier this year, if one of his favorite meme coins, Shiba Inu, hits $0.001.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at