By the middle of June, a single bitcoin will be worth $1 million and the dollar will be as good as loo roll — a currency so broken that a wheelbarrow full of greenbacks will be needed to buy a loaf of bread.
That is the very public bet made this month by Balaji Srinivasan, a prominent tech investor, amid a market meltdown in which several banks have collapsed and the value of bitcoin has surged.
The 42-year-old put his money where his mouth is. Srinivasan agreed to buy$1 million (£820,000) worth of digital currency USDC, which is pegged to the dollar, and put it in an escrow account. James Medlock, a Twitter user, took the other side of the bet. He agreed to buy
