Bitcoin Explosion Over 3,300% Is Possible, New Reports Say

Bitcoin will explode in price by over 3,300%, according to the latest reports. Check out the new predictions coming from the Coinbase chief technology officer.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $28,040.

Former Coinbase chief technology officer Balaji Srinivasan is doubling down on his prediction that Bitcoin (BTC) explodes by over 3,300% from current levels in less than 90 days.

Srinivasan made sure to highlight the fact that in an ARK Invest interview that troubles in the US banking system would send people fleeing to Bitcoin.

His bold prediction that BTC will hit $1 million in less than three months from now is likely due to the speed of digital bank runs.

“I think we see an exit from the US banking system towards Bitcoin over the next weeks and months and perhaps years to come.”

He continued and said the following: “The exact timeline of 90 days? You know, I don’t think it’s impossible that happens given how fast digital bank runs happen, but directionally it’s much easier. Timing is hard, prepping is easy.”

Srinivasan also said that the Federal Reserve has caused instability that could trigger a lot of people to seek refuge in Bitcoin.

“Bitcoin is actually free markets. And now we’re having the true election, which is between USD [US dollar] and BTC where people are again voting against central planning of a very different kind.”

He also stated this:

“And that’s actually the macro frame that I have on this – that the level of instability the Fed has been causing, they’re now in the state of like a plane [experiencing turbulence].”

Check out the original article in order to learn more details about this. Stay tuned for more news from the crypto space.