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• Crypto pioneer Balaji Srinivasan has predicted that the US economy will enter a phase of hyperinflation in 90 days, driving Bitcoin (BTC) up to $1 million.
• Balaji has offered $1 million in BTC for the best 1000 tweets that alert people about the “stealth financial crisis” disguised behind banking bailouts.
• He encourages people to buy Bitcoin now and take their coins off exchanges before it’s too late.

Crypto Twitter Betting on Hyperinflation

Crypto pioneer and venture capitalist Balaji Srinivasan recently tweeted his prediction that the US economy would soon enter a phase of hyperinflation, leading to an increase in Bitcoin (BTC) value to as much as $1 million. To support this theory, he offered to pay out $1 million in BTC for the best 1,000 tweets that alert people about what he calls the “stealth financial crisis” which is being disguised by bank bailouts.

The Stealth Financial Crisis

Balaji believes that banks have become insolvent due to complex language being used to hide mortgages from depositors. Now with trillions of dollars being printed, he warns that it could lead to hyperinflation and devaluing of fiat currency like US dollars. He therefore encourages people to buy Bitcoin now before it’s too late and keep their coins off exchanges.

What is Hyperinflation?

Hyperinflation is a situation when prices rise rapidly due to an increase in the money supply faster than economic growth can keep up with demand. This means more money chasing fewer goods resulting in inflationary prices and also devaluation of currency when compared against other assets such as gold or BTC. When combined with government spending or borrowing money at high interest rates, it can quickly spiral out of control leading to hyperinflationary conditions where even large sums cannot buy basic necessities anymore.

The Benefits of Bitcoin

Bitcoin provides a safe haven from these economic conditions by providing a decentralized store-of-value outside of traditional government-backed currencies whose value is determined solely by market forces without political interference or manipulation from central banks and other authorities. Additionally, its fixed supply ensures there will never be any additional BTC created beyond its original 21 million cap making it extremely rare and valuable asset over time even if its price experiences volatility over shorter periods.

Final Thoughts

Balaji’s recent tweet has caused quite a stir on Crypto Twitter with many users coming forward expressing their agreement with his line of thought while some remain skeptical given how volatile BTC prices can be over short periods of time despite its long-term potential for growth given its limited supply and increasing demand from institutional investors around the world