CandleFocus Ex-Coinbase CTO: ‘Fed wants you dead,’ Bitcoin counters state control
2024-09-23
Author: Content Editor
Former Coinbase CTO Balaji Srinivasan spoke at a conference in Singapore, highlighting Bitcoin's potential as a hedge against inflation. He criticized the US Federal Reserve's approach to inflation and compared it to a gradual erosion of wealth over time. Srinivasan also mentioned a $2 million bet he made in 2023, predicting Bitcoin would reach $1 million by June 2023. He emphasized that Bitcoin offers an alternative to traditional currencies as it has a fixed supply and is not controlled by governments or banks, making it resistant to inflation.
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