.PeterLBrandt joins the chorus of skepticism over the $1 million Bitcoin prediction
Balaji Srinivasan's prediction of a $1 million Bitcoin price within 90 days"stupid." At the same time, he didn't rule out that the controversial entrepreneur might get lucky.
Srinivasan's bet has been met with skepticism and criticism from various members of the global investment community, including renowned scholar and risk analyst Nassim Nicholas Taleb, who labeled itThe bold prediction from the former a16z partner and Coinbase CTO comes as Bitcoin's price recently surpassed $28,000, fueled by theThe largest digital asset reached levels not seen since June 2022, with its price soaring by an eye-popping 70% since the start of the year.
Despite excessive optimism caused by the recent surge in Bitcoin's price, some experts remain skeptical about the digital assets's ability to extend its price rally. As the cryptocurrency market continues to experience volatility and uncertainty, traders and investors should exercise caution when making predictions and placing bets.
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