Crypto Market News: Balaji Srinivasan, widespread investor and the previous Chief Technology Officer of Coinbase, is once more within the information for his aggressive Bitcoin prediction. Earlier, the investor turned a sensation along with his wager over Bitcoin worth reaching $1 million inside 90 days. He made the prediction in March 2023, solely to finish up prematurely closing out the wager by paying $1.5 million within the first week of May 2023, accepting his loss. Meanwhile, the crypto market has been witnessing a worth correction part because the US Fed’s price hike uncertainty stays.
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In a modern US President Joe Biden on Sunday stated he won’t comply with a debt deal that might defend crypto merchants. On the opposite facet, the US regulators, particularly the U.S. Securities and Exchange Commission (SEC), proceed the assault on crypto companies, at the same time as the shortage of readability round crypto commerce stays. Hence, it is sensible that within the lead as much as the US Presidential Election 2024, the talk round crypto regulation and the Web 3.0 house heats up among the many US lawmakers.
Balaji Predicts Bitcoin Led US Presidential Election
Speaking on the G7 Summit on Sunday, Biden said he was not going to comply with a (debt) deal that protects rich tax cheats and crypto merchants whereas placing meals assistants in danger. This sparked a debate round crypto changing into some extent of rivalry within the US election 12 months. Balaji tweeted,
If 2016 was the primary Twitter election, 2024 will be the first Bitcoin election.
The former Coinbase CTO additionally stated the election may be threatened by ‘deep fakes’ however he was unsure of a debate across the synthetic intelligence revolution within the know-how house.
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