3 ms·
No he didn't. It was a publicity stunt with shades of market manipulation. He holds a large position in BTC and made a public bet to pump the value of that BTC.
by tyre 4y ago
No he didn't. It was a publicity stunt with shades of market manipulation. He holds a large position in BTC and made a public bet to pump the value of that BTC.
If he believed that BTC would go to $1m or whatever, he could have made tremendously more money by buying $1m worth of BTC. If he wanted to sell at that point to donate to charity or run ads for his podcast, he could.
I don't know what makes Balaji so compelling that people keep falling for this charlatan.