Digital Currency Group’s imminent $630 million default could speed up the black swan event that former Coinbase CTO Balaji Srinivasan predicted. DCG could be the latest victim of a snowballing banking crisis Srinivasan predicts will upend the U.S. banking system. Former Coinbase CTO Predicts Fed-Inspired Black Swan Event Recently, former Coinbase CTO Balaji Srinivasan bet $1 million that Bitcoin would reach $1 million by June 16, 2023. This increase would take the crypto market cap to $20 trillion. The technology entrepreneur has tempered that initial prediction. However, he predicts that the Federal Reserve is still “printing trillions” of dollars to
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Author: coinmaker