Balaji Srinivasan, former CTO of Coinbase, bet that the price of Bitcoin will benefit from the rapid depreciation of the US dollar in the next three months and will soar to $1 million by June 17. This bold bet has sparked heated discussions among some crypto KOLs, and many KOLs have recently expressed their opinions. I will also briefly summarize mine:

$1 million is achievable. As long as you think about it every day, you will definitely dream of it by June. This is obviously a gimmick, a topic created to attract traffic. How can real secondary market investors believe that the price will rise so much in a short period of time? This is unrealistic. But I am very happy to see the topic they started with the bet. The more people pay attention to Bitcoin, the greater the increase in Bitcoin in the future. The chain reaction caused by the recent bank crash has led to everyone having money to buy Bitcoin, and the so-called safe-haven assets have also caused a wave of Bitcoin price increases. The US dollar interest rate has reached its peak, and the Federal Reserve is likely to release water to save the market. The US dollar interest rate has reached its peak, which has also caused a rebound in Bitcoin.

People have been told to buy at the bottom since the second half of last year. The current price of Bitcoin is not high. I tend to think that after the adjustment here, there will be another smooth rise, and the height may reach above 40,000.