Bitcoin price continues to climb as crypto exec bets $2m on dramatic prediction

Bitcoin has grown in value by more than a third over the last 10 days, prompting predictions of a record-breaking crypto rally over the coming months. The world’s leading cryptocurrency reached its highest price in 2023 on Monday morning, reaching above $28,000 having started the year below $17,000. It remains a long way off the all-time high it hit in November 2021 of close to $69,000, though crises within the traditional financial sector have seen optimism return to the crypto market. Former Coinbase chief technology officer Balaji Srinivasan expressed his positivity for bitcoin’s near-term price trajectory by placing a $2 million bet that 1 BTC will hit $1 million in the next 90 days. The wager was made on Twitter after user James Medlock wrote that he would “bet anyone $1 million that the US does not enter hyperinflation”.