Odaily Planet Daily News: Balaji Srinivasan, former CTO of Coinbase, explained on Twitter that the bet that "BTC price will reach $1 million in 90 days" has no profit motive, but is just to remind innocent Americans and dollar holders that the Federal Reserve is about to print money. Balaji also said that he was not the proposer of the bet, but accepted James Medlock's proposal. In order to eliminate any doubts about his personal motives, Balaji publicly promised that he would never sell any BTC for US dollars unless forced by law, because he no longer believes in the US currency or banking system. Previously, Balaji said on Twitter that he would bet $2 million that Bitcoin would reach a price of $1 million within 90 days.