Last updated Nov 29, 2025
marketseconomy
Bitcoin will not reach $1,000,000 per coin within 90 days of March 17, 2023 (i.e., by roughly mid‑June 2023).
Do I think that we're going to have $1 million Bitcoin in 90 days? I personally find that very unlikelyView on YouTube
Explanation

Multiple sources on Balaji Srinivasan’s public bet state that he wagered Bitcoin would reach $1,000,000 within 90 days of March 17, 2023, with a target around June 17, 2023.

  • CoinDesk reports that he predicted Bitcoin could reach $1 million in 90 days after March 17, i.e., by about June 17, 2023, and that this was the core of his widely discussed bet. (coindesk.com)
  • Historical price data show that on June 15, 2023, Bitcoin’s closing price was about $25,576, vastly below $1,000,000, and June 2023 prices ranged roughly from the mid‑$24k to around $31k, never approaching $1M. (statmuse.com)
  • Coverage of the bet’s outcome notes that Balaji closed the bet early as a losing bet, confirming that Bitcoin did not reach $1M within the 90‑day window. (coindesk.com)

Since Bitcoin remained tens of thousands of dollars, not $1,000,000, by mid‑June 2023, Sacks’s prediction that it would not hit $1M within 90 days of March 17, 2023 was correct.