Balaji Bets $1M on Bitcoin Price, Says US Hyperinflation Is Underway

full version at coinedition

A tech founder gambles $1 million that the US would enter hyperinflation.
The participant prefers the stake through a smart contract to allow USDC.
The US government recently printed $300 billion as a bail-out for banks.

In a bold move, Balaji Srinivasan, a tech founder, accepted the wager of James Medlock, a social democrat, who bet $1 million that the US would not enter hyperinflation. Srinivasan took the bet against one Bitcoin (BTC) with 40:1 odds, with the bet terms lasting 90 days.

Srinivasan said he needs a mutually agreed custodian to ensure the bet’s settlement in case of digital dollar devaluation. The tech founder also mentioned the possibility of executing the stake through a smart contract, allowing the use of USDC stablecoin instead of US dollars. Nonetheless, Srinivasan challenged Medlock to name a custodian if he was unwilling to use a smart contract.

I will take that bet.
You buy 1 BTC.
I will send $1M USD.
This is ~40:1 odds as 1 BTC is worth ~$26k.
The term is 90 days.
All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.
If someone knows how to do this… https://t.co/tc…