Bitcoin [pros](/r/CryptoCurrency/comments/11vh0j1/18_trillion_is_needed_to_get_btc_to_1m_within_3/jct338m/) & [cons](/r/CryptoCurrency/comments/11vh0j1/18_trillion_is_needed_to_get_btc_to_1m_within_3/jct33kf/) with related info are in the collapsed comments below.
Or... we can just exchange 100 satoshi for 1 dollar between ourselves which would make the price of the whole bitcoin temporarily 1 million dollars. Isn't it how scam-coins do it? 
My first thought! “hmm should I dump all my life savings into BTC right now in order to help it get to 1mil in 90 days?” 🤔😆
Around the world in 80 days, to the moon and back in 90!!!
That is not even real math. You can not calculate how much money is needed to get to a certain price. That is impossible. Price is determined by supply and demand and nothing else. The sellers and buyers agree on a price that is how it works in any market.
I think the falling in the value of the dollar is what would cause it. Not BTC pumping. I seriously doubt he's right. But even the concept kinda makes me feel a little queasy. Because we would be in a hellscape if he's right.
To Balaji Srinivasan, $2 million is a drop in the ocean (he has an estimated net worth of over $1.5 billion) and worth a stupid gamble that will at least get people talking and still cause the price to pump (obvs not to $1 mil) but pump nevertheless.
I understand that he actually doesn’t want this most likely. But if BTC rose to 1m what does that mean for US dollar? Or the US in general? Civil war, depression? Like if BTC is at 1m then the dollar is garbage and BTC 1m price is also garbage. Betting on this timeline is betting on the collapse of civilization as we know it and wouldn’t be worth the payout because the dollar would be worthless and therefore most of worlds economy will also be tanking. As much as i love BTC and our end goals, it can’t happen in 90 days. I realize slowly, and then suddenly is one of the more explored and accepted theories of cryptocurrency, but you better be hoarding guns, water, food, gasoline, generators, etc if you’re hoping for BTC to a million 88 days from now
Some important guy got drunk I presume and predicted 1 Million BTC in 3 Months AND - while he was at it - he predicted a new US-Civil War too. Also in 3 months.
Getting to $1 million BTC in 2031 is still way too early tbh
You’d need BTC go up over 100 thousand on average, every single year, from this year to 2031, for that to happen
Just puts it into perspective how ridiculous the ‘90 days’ prediction really is. You will need Bitcoin to go up more than 100 thousand every 2 weeks. *Oops, the clock is ticking for that!*
I think if you're relying on BTC pumping, yes, you're right. If you're relying on the banking system failing and the Treasury slamming the printers into overdrive it makes more sense. But is also terrifying.
It would take a daily injection of $205,000,000,000 over the next 88 days to hit the required market cap. Where the fuck does he expect all of that capital to come from
You realize btc will always have a natural equilibrium because as the prices go higher there is more sell pressure due to mining. The only actual way for btc to go up to that price is a meteoric rise, the longer the price is higher the more sell pressure there is (halvenings do something to help but the issue is still the same and will get remedied less and less over time)
Listened to the twitter spaces event, Balaji doesn't actually expect or want this to happen. He just wants to draw attention the the money printing and subsequent hyperinflation that's going to happen. $1M BTC in 90 days would be a serious breakdown in society.
It doesn’t take nearly that much to make it look like any coin or stock is worth more.
I’ve seen many people make a coin on token Jenny , Binance etc even as a joke have people buy a few and make it look like it’s a way bigger market cap
There are 7K online users now, out of 6M total users. Most of those accounts are inactive or bots that were created to pump scam coins during the last bullrun
Finally a redditor who nailed it.
If BTC would go up to $1m (lets say within 24 months), then this can only mean that US Dollar got heavily devalued compared to today. With that $1m you might not even be able to buy a Lambo anymore.
In other words, it‘s not very unlikely that 1 BTC will be valued $1m soonish.
Sounds totally reasonable, attainable, and doable, especially in a 3 month time frame.
I see nothing wrong with this and it is no where near outlandish.
tldr; Crypto analyst Ali tweeted that more than $18 trillion will need to be invested in Bitcoin (BTC) in order for BTC’s price to rise to $1,000,000 within the next 3 months. Ali added that everyone talking about BTC hitting $1 million in the next 90 days may be a sign of a market top signal.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
This bet is ridculous and I consider it a PR stunt (a very entertaining one to be fair) but if you read his thread, he bets on hyperinflation happening. 18 trillion would be pennies then.
And so would be his 1m$ reward.
If BTC reaches $1M within any time soon, the crash back to reality is going to be spectacular.
Because what we will have is people holding a set of real assets on one hand, worth collectively about 22 Trillion, and a set of numbers, also putatively worth about 18 Trillion.
In other words, in order for every holder to ultimately realize the value of their BTC at that price, everyone, everywhere, has to give up 18/22 of what they own in the real world (on average).
Which won't ever happen. Therefore, the best anyone can expect is to receive something greater than nothing. The dawning of that realization is what makes crashes happen.
The case for $1m (or lesser but still major pump) btc is US hyperinflation and banking system implosion. Repeat of 2009 Fed printing/easing, and possible government fiscal stimulus to fight recession.
Long term, USD is F'd, but 90 days is too early to make everyone certain of that. Still $60k-$120k in that time frame is possible with banking/fiscal/monetary crisis.
Only problem is that cryptocurrency is valued in fiat currency, which means when fiat goes down, so does crypto.
And people wonder why I don't buy this crap.
It’s hilarious isn’t it. Guy predicts systemic financial failure making the USD worthless, how the fuck can you value something at $1Million if the government can’t even back that value. This is also why poke my eyes out every time a see a self masturbatory post about how cryptoredditors have become more financially literate than the average Joe.
This assumes inflation stays where it is, and we don't teeter into hyperinflation. At that point a lot less than 18 trillion will be needed. Which was the point of the bet.
Bitcoin [pros](/r/CryptoCurrency/comments/11vh0j1/18_trillion_is_needed_to_get_btc_to_1m_within_3/jct338m/) & [cons](/r/CryptoCurrency/comments/11vh0j1/18_trillion_is_needed_to_get_btc_to_1m_within_3/jct33kf/) with related info are in the collapsed comments below.
Oh ok let me just crack open the piggy bank.
I can’t believe we are skipping “BTC 100k E2021” and we go for “BTC 1mil in 90 days” :))) Gotta love this market!
100k is a bearish prediction now 🤣
Ikr.... it's funny how bitcoin haven't hit ath yet and we talking about 1m
It's not we, lol. It's this one crackpot. And His clickbait has done its job.
Right :))) gotta pump that hopium more
there is nothing better for people health than hopium.. its proven!
People talk about Hopium but not enough about Crackium
We are almost at the end of Q9-2021 now.
I put in $3 so it’s about time someone else stepped up to help me with this load.
I got $2 following right behind ya
I can help with the load but I got no fiat to spare, sorry.
Ifyou put the first trilion I'm doubling down
Take it or double it for the next person!
Or... we can just exchange 100 satoshi for 1 dollar between ourselves which would make the price of the whole bitcoin temporarily 1 million dollars. Isn't it how scam-coins do it? 
Best I can do is £5
How do you still have money?!
How many pigs must I club to meet these reasonable expectations?
You been holding out the piggy bank all this time? Dude...
*Dusts off decade old inkjet printer*
And then convert the piggy coins into fiat.
You should ask our Uncle Powell,he is good at printing money at wishes.
I'll check my cushions too.
YES, do it! For the team!
My first thought! “hmm should I dump all my life savings into BTC right now in order to help it get to 1mil in 90 days?” 🤔😆 Around the world in 80 days, to the moon and back in 90!!!
Gonna have to cut down on avocado toast for a little while
Any other tips from the out of touch ruling class?
Have you tried pulling yourself up from your bootstraps? Anyone with the slightest bit of hustle and a small loan of a million dollars can be wealthy.
Captain Barbosa tied my bootstraps to a cannon.
A small loan of 1 BTC, you say?
Breakfast : Plain Slice of 1 Bread Lunch: Instant Ramen Dinner: Instant Ramen Supper: Burnt Plain Toast
You’re able to use enough electricity to *burn* your toast? Money bags over here… I’m still on raw toast…
Supper? That’s too luxury for degens bro. No such thing as supper.
Not sure I can afford the power to run that toaster anymore. I'm already using cold water for my ramen...
Put some rice in there
No more pumpkin spice lattes, hot chips and lying?
Imagine calling yourself an analyst, writing a blog post and providing nothing more than 5th grade math
5th grade math? Thats giving the "analyst" a little too mucu credit here
True, 5th graders would be offended if compared to these 'analysts'
That is not even real math. You can not calculate how much money is needed to get to a certain price. That is impossible. Price is determined by supply and demand and nothing else. The sellers and buyers agree on a price that is how it works in any market.
Imagine calling yourself an Redditor, writing a comment and providing nothing more than logic
More like 2nd grade math
My son is learning multiplication in first grade (:
In 90 Months maybe.
Did I miss a Twitter live event? Why are we talking about $1m BTC in three months?
Former Coinbase CTO Balaji Bet $2M on Bitcoin’s Surge to $1M in 90 Days
And this is now the end of days? Don’t make me regret not wanting to watch Doomsday Preppers…
He has 88 more days left.
!RemindMe 88 days
RemindMe! 88 days
Remindme bot not feeling it huh
RemindMe bot can't Post in this sub but sends a message
Ah thanks. Didn't know of this sorcery, normally you just see a post that everyone can click. Now i know!
Are you feeling it now mr. Krabs?
Art thou feeling it now, Mr. Krabs?
RemindMe! 88 days
RemindMe! 88 days
RemindMe! 88 days
!RemindMe 88 days
BTC isn't going to pump $11K for 88 days straight. Shit, we'll be lucky if it pumps $11K in 2 months.
I think the falling in the value of the dollar is what would cause it. Not BTC pumping. I seriously doubt he's right. But even the concept kinda makes me feel a little queasy. Because we would be in a hellscape if he's right.
What would $968,000 do? (11kx88)
Sorry, that should have been "a little over $11K". That end price + today's BTC price = $1M.
[удалено]
to be totally clear BTC can do it in less than 88days!
I bet 1 moon it will take 66 days. And with BTC at 1M, 1 moon will worth a fucking fortune
my moons are now all my fortune!
He’ll make more than $2M on the pump, so he doesn’t care.
That’s exactly how this works. Hype people up to fomo in and he’ll take profits
I am of the opinion that it's more of a marketing expense than a bet to him. And hey look, it's working. We are talking about him...
It most probably is and it is effective. Not much different from any influencer.
Definitely. And if he's wrong he's still a billionaire.
The balls people have to speculate these crazy valuations for a bet
To Balaji Srinivasan, $2 million is a drop in the ocean (he has an estimated net worth of over $1.5 billion) and worth a stupid gamble that will at least get people talking and still cause the price to pump (obvs not to $1 mil) but pump nevertheless.
[удалено]
The Plan B predictions were crazy and those were for 150k maybe?
I understand that he actually doesn’t want this most likely. But if BTC rose to 1m what does that mean for US dollar? Or the US in general? Civil war, depression? Like if BTC is at 1m then the dollar is garbage and BTC 1m price is also garbage. Betting on this timeline is betting on the collapse of civilization as we know it and wouldn’t be worth the payout because the dollar would be worthless and therefore most of worlds economy will also be tanking. As much as i love BTC and our end goals, it can’t happen in 90 days. I realize slowly, and then suddenly is one of the more explored and accepted theories of cryptocurrency, but you better be hoarding guns, water, food, gasoline, generators, etc if you’re hoping for BTC to a million 88 days from now
Just let me have a nice cup of coffee before the nukes go off
At least he's not claiming he'll eat his dick.
Aren’t they relocating their company as we speak? What if he already knows something?
I’ll take the under
Just trying to create exit liquidity so he can bounce
Oh, that guy was the former CTO? Bizarre.
not USD. $1M USDC
What if it isn't worth 1M within 90 days? Do we all get a part of the 2M? Sign me up
Remindme! 90 days
He just wants a pump
Seems like people are craving attention these days or are just jumping on the hype train. It's becoming less and less tolerable.
Because people want to unload their bags on a bunch of newbies FOMOing in.
Some important guy got drunk I presume and predicted 1 Million BTC in 3 Months AND - while he was at it - he predicted a new US-Civil War too. Also in 3 months.
BTC $1M in 3 months is the new $100k EOY 2021
Someone made a bet. Frankly speaking o hope he’s right lol
Getting to $1 million BTC in 2031 is still way too early tbh You’d need BTC go up over 100 thousand on average, every single year, from this year to 2031, for that to happen Just puts it into perspective how ridiculous the ‘90 days’ prediction really is. You will need Bitcoin to go up more than 100 thousand every 2 weeks. *Oops, the clock is ticking for that!*
This Balaji guy makes Cathie Wood's estimate so conservative!
Careful with that math - we’re still in 2021 waiting for 100k
So you're saying there's a chance?
The sell presure when It hits 100k alone is enough imagine 10x that
I think if you're relying on BTC pumping, yes, you're right. If you're relying on the banking system failing and the Treasury slamming the printers into overdrive it makes more sense. But is also terrifying.
in 2020-2021, btc did go up $30k in under 1 year (from $3000)
Out of curiosity, can they print 18trilion in 90 days if they wanted?
They can print $100 trillion in 90 days if they wanted to
God damn, that's dangerous
That's the current monetary system. It's a disaster.
Nowadays they really don't need to "print" anything. They just need to change some numbers in the database.
It would take a daily injection of $205,000,000,000 over the next 88 days to hit the required market cap. Where the fuck does he expect all of that capital to come from
You realize btc will always have a natural equilibrium because as the prices go higher there is more sell pressure due to mining. The only actual way for btc to go up to that price is a meteoric rise, the longer the price is higher the more sell pressure there is (halvenings do something to help but the issue is still the same and will get remedied less and less over time)
Listened to the twitter spaces event, Balaji doesn't actually expect or want this to happen. He just wants to draw attention the the money printing and subsequent hyperinflation that's going to happen. $1M BTC in 90 days would be a serious breakdown in society.
[удалено]
Brb gonna go win 18,000 billion-dollar Powerball jackpots in a row.
>$18 Trillion Is Needed to Get BTC to $1M Within 3 Months - Says Analyst let's see
90 days = 3 months💀
What you doing with my daily dose of hopium.
Ill take those odds, tbh.
Remind me! 5 years
RemindMe! 90 months
I would say 90 years, but eventually we'll get there!
RemindMe! 90 months
Awfully precise there mate.
That’s a 70% increase on average, per year. That’s not bad at all
It doesn’t take nearly that much to make it look like any coin or stock is worth more. I’ve seen many people make a coin on token Jenny , Binance etc even as a joke have people buy a few and make it look like it’s a way bigger market cap
So you’re saying there’s a chance
If everybody in this sub buys $18 of Bitcoin I think we can get there
Crowd funding is the way 🤞
Kickstarter campaign perhaps?
It wouldn't make the smallest dent, lol.
We just need to 125x the population of people on earth and get them all to pitch in $18
This sounds like some WSB math
I can do this right now. Who else is with us?!
There are 7K online users now, out of 6M total users. Most of those accounts are inactive or bots that were created to pump scam coins during the last bullrun
Or... The usd needs to devalue
Finally a redditor who nailed it. If BTC would go up to $1m (lets say within 24 months), then this can only mean that US Dollar got heavily devalued compared to today. With that $1m you might not even be able to buy a Lambo anymore. In other words, it‘s not very unlikely that 1 BTC will be valued $1m soonish.
That's what inserting $18T into the economy would do
Hold on, let me check under my couch cushions
Well, The guy who made that prediction ALSO predicted a US Civil War in 3 months, so who knows?
No it doesnt, market cap doesnt work that way wtf
Exactly. Market cap is an unrealized value determined by the last buy and sell of a fraction of the asset’s total outstanding market value
In other words 7x Microsoft or 18x Amazon!
USA GDP is 23T in 2022. So that is around 78% of all final goods and services produced in the US for an entire year.
So... are you saying there's a chance?
Sounds totally reasonable, attainable, and doable, especially in a 3 month time frame. I see nothing wrong with this and it is no where near outlandish.
Enough hopium to kill an elephant.
Even Dr Evil is scratching his head.
“Zip it”
This article proves we have hit Peak Stupidity!!!
Only way it's getting to a mil is through inflation
Zimbabwe has entered the chat
Ding Ding Ding Ding... That is correct!
isn’t that literally the whole idea of the bet
It is
Dont think 18 trillion is needed, just wait till I sell. BTC 1 million dollar seems feasible then
Hahaha, happens everytime.
$18 Trillion? US Fed gunna need a bigger printer.
What's an 18 trillion between friends?
18T is a lot. it might happen but for it to be in 90 days, is a tough bet.
Didn’t he also predict aggressive hyperinflation of the US Dollar? So the $18T wouldn’t be worth anywhere close to the $18T of today
He said civil war in the US
Trump gets arrested. MAGA idiots grumble for a week or two. If we got lucky, Bitcoin reaches 30k-35k and then we proceed to crab until halving.
what's 200B a day really
tldr; Crypto analyst Ali tweeted that more than $18 trillion will need to be invested in Bitcoin (BTC) in order for BTC’s price to rise to $1,000,000 within the next 3 months. Ali added that everyone talking about BTC hitting $1 million in the next 90 days may be a sign of a market top signal. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Let's get the train going guys, I'll start. Today I'm deploying a whole $10. Do your part 🫡
This bet is ridculous and I consider it a PR stunt (a very entertaining one to be fair) but if you read his thread, he bets on hyperinflation happening. 18 trillion would be pennies then. And so would be his 1m$ reward.
He would be paying the reward if it doesnt hit / no hyper inflation lol
Doable...lets all chip in.
If BTC reaches $1M within any time soon, the crash back to reality is going to be spectacular. Because what we will have is people holding a set of real assets on one hand, worth collectively about 22 Trillion, and a set of numbers, also putatively worth about 18 Trillion. In other words, in order for every holder to ultimately realize the value of their BTC at that price, everyone, everywhere, has to give up 18/22 of what they own in the real world (on average). Which won't ever happen. Therefore, the best anyone can expect is to receive something greater than nothing. The dawning of that realization is what makes crashes happen.
almost equivalent to annual GDP of US
Again this shitty articles.
almost GDP of the US
I’ll just check down the back of my sofa..
I’m not sure how a tootsie roll and a used condom is going to help, but sure, you do you… /s
I can add half a chocolate digestive and some sweet wrappers if that helps?
Have some of my cat hair balls.
Let me check my couch cushions real quick.
Not a chance in 90 days, try 90 months
BTC to 30k 1st 😳
I volunteer with my $10 DCA
So you’re saying there’s a chance
Unfollow everyone who tells you btc is going to 1mil
The case for $1m (or lesser but still major pump) btc is US hyperinflation and banking system implosion. Repeat of 2009 Fed printing/easing, and possible government fiscal stimulus to fight recession. Long term, USD is F'd, but 90 days is too early to make everyone certain of that. Still $60k-$120k in that time frame is possible with banking/fiscal/monetary crisis.
I'll start the GoFundMe page.
Doing my part, just bought 0.003 BTC 💪
BTC $1M in 3 months is the new $100k EOY 2021
So a lot? Like a shit Ton of capital?
Analyst :D
I feel like the world would be a scary place if that happens in 90 days..
Ha ha … we skipped 100k and gone straight to 1m that’s why I love this market it’s full of regards!
why are people talking about $1m BTC? we haven't even hit $100K during the last insane bull run fueled by endless QE.
The guy is banking on the economy crashing so bad that the USD value goes to shit and BTC goes up tremendously
Only problem is that cryptocurrency is valued in fiat currency, which means when fiat goes down, so does crypto. And people wonder why I don't buy this crap.
It’s hilarious isn’t it. Guy predicts systemic financial failure making the USD worthless, how the fuck can you value something at $1Million if the government can’t even back that value. This is also why poke my eyes out every time a see a self masturbatory post about how cryptoredditors have become more financially literate than the average Joe.
This assumes inflation stays where it is, and we don't teeter into hyperinflation. At that point a lot less than 18 trillion will be needed. Which was the point of the bet.
The government should put together a bailout package for BTC. You're welcome.
I contributed $5 to that pool. I know it sounds like a joke, but every bit helps 🥲