Entrepreneur Balaji Srinivasan explained the rationale for his bet that Bitcoin (BTC) could reach $1 million in price by June 17 as he spoke remotely by video link at CoinDesk’s Consensus 2023 conference, which is being held in Austin, Texas.

Srinivasan, a former chief technology officer of crypto exchange Coinbase (COIN), is credited by many for predicting the effects of COVID earlier than most. In March, he predicted stupendously bullish prospects for the king crypto (bitcoin) in response to the devaluing of the U.S. dollar. He said the BTC price could reach $1 million in 90 days after March 17.

"Could it be that it takes 900 days or even 90 months? It's possible, I don't have a 100% probability on it," Srinivasan said on Friday.

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