Medlock, who had jokingly tweeted earlier that he would "bet anyone $1 million dollars that the US does not enter hyperinflation," quickly accepted the terms. With bitcoin hovering around $26,000, Srinivasan had made an approximately 38–1 wager that "hyperbitcoinization" would unfold over the next three months as the Federal Reserve devalued the U.S. dollar to backstop the nation's shaky banks with new infusions of cash. Man throws away bitcoin The shares of one of the largest Bitcoin institutional investors were up 0.82% pre-market trading on Tuesday, according to Yahoo Finance.

This means that if you had invested $1000 at $.08 in Bitcoin in 2010, that investment would be worth over $287 million dollars today. And that’s if you did nothing but hold the coins and did no trading whatsoever. ChatGPT predicts Bitcoin Cash price for the start of 2024 The odds are certainly stacked against him, made worse by the Newport council’s refusal for any volunteers to enter the site. Citing the ecological damage trawling through buried rubbish would cause, a lack of a permit to search the rubbish, and the sheer uncertainty that the hard drive even lays there, the council will not allow anyone to search the mounds, CNBC reports.