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Irina Ionova

Customer Success Manager at InnMind

It's no secret that traditional banks can crumble like a house of cards during a crisis. And after the recent bankruptcies of Silvergate Bank and Silicon Valley Bank, entrepreneurs are beginning to question the centralized financial system even more. Balaji S., an American entrepreneur and former Coinbase CTO, made a bold prediction that will blow your mind: hyperinflation will lead to "hyperbitcoinization" and Bitcoin will become the new digital gold! Srinivasan believes that people will start buying up Bitcoin as if it were going out of style, leading to a complete overhaul of the traditional financial system. The cherry on the cake: the value of #BTC will reach $1 million per coin....

It's no secret that traditional banks can crumble like a house of cards during a crisis. And after the recent bankruptcies of Silvergate Bank and Silicon Valley Bank, entrepreneurs are beginning to question the centralized financial system even more. Balaji S., an American entrepreneur and former Coinbase CTO, made a bold prediction that will blow your mind: hyperinflation will lead to "hyperbitcoinization" and Bitcoin will become the new digital gold!

Srinivasan believes that people will start buying up Bitcoin as if it were going out of style, leading to a complete overhaul of the traditional financial system. The cherry on the cake: the value of #BTC will reach $1 million per coin. Crazy, right? But maybe not so crazy.

We decided to analyze the current situation too, where we gathered Srinivasan's arguments and pondered the future of a centralized banking system. Do you think we will live in a world where Bitcoin will rule, or is it all just a pipe dream? Read our article and share your opinion with us in the comments: https://blog.innmind.com/the-bitcoin-bet-that-could-end-the-world/

Blockchain

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