The CTO predict bitocin will going around $1M in 90days which has received significant traction in cryptospace, some even says there is no sense in that, some said he's crazy for such prediction. Even if Bitcoin want to be close to $1M it won't be in 3month or year, the shift will take more than 3 month.
But looking at Balaji proclamation in different perspective he maybe right about US government and migbt be the reason argue Bitcoin will skyrocketing in 90 day when backing up his prediction, just that I can't say yes to Bitcoin around $1m in few month, though it will be a good thing for we crypto lover.
techcrunch
Balaji backed this prediction that a lot of US fiat banks will go to zero and I think something similar is about to happen as banking crisis continue deepen amid of that the US government will try to stop people from access to Bitcoin which will cause Bitcoin to be more bullish than expected. He claimed more people should get into Bitcoin before they close the exist, the way they close other banks
Will that alone make Bitcoin have 3,700 gain in three month?
Balaji holding this true about US government protection over Bitcoin could be right, as the government will print more dollar on the state of current banking condition which will likely cause the devaluation of the dollar and will be a shockingly change to everyone.
I believe technology has made everything change a lot and the way we conduct our research. If Balaji comparison with crisis in 2008 doesn't hold true. He is comparing financial crisis in 2008 to the difficulties facing right now in US, argue that same thing is happening now. Well, I can't say much about that now and his controversial regarding US government maybe true but Bitcoin around $1m in 90 days is unrealistic, because even if all banks go bankrupt there will be a decrease in money supply while Fed will print more dollar in response which can't make Hyperinflation in that short period.
So let just accept Balaji controversial proclamation over crypto is just bullish in 90days not bitocin around $1M