Balaji Launches Web3 Fund After Failed BTC Predictions

BY

GABRIEL MAEL

PUBLISHED ON - FEBRUARY 10, 2024 06:09

UPDATED ON - FEBRUARY 10, 2024 07:02

1 MINUTE READ

Balaji Launches Web3 Fund After Failed BTC Predictions

According to a report, Crypto enthusiast and former Coinbase CTO, Balaji Srinivasan, is launching “The Balaji Fund” which will focus on “crypto and web3″,” AI and frontier technologies. This is also a departure from his previous position where he forecasted hyperinflation and Bitcoin reaching a million dollars within 90 days (for which he was proven to be wrong).

The fund has a minimum $100,000 investment and the focus is towards accredited investors. Nevertheless, the position of Srinivasan is called into question by his previous position. In spring of 2023, he forecast hyperinflation and Bitcoin prices that will climb to a million dollars. The forecast fell apart when it didn’t materialize.

#Write2Earn #TrendingTopic #sanor016CommUNITY #sanor016CommUNI@sanor016 #BitcoinTakeOver