What happens if BTC doesn't hit the price target?

If BTC reaches $1 million within the set time frame, he gets to keep Medlock’s 1 BTC and the $1 million deposited. However, if BTC does not hit the price target in 90 days, Medlock gets the $1 million and keeps the 1 BTC. Balaji said he would deposit $2 million to have the bet with Medlock and any other person.

Will bitcoin's price skyrocket to $1 million by June 17?

Analyst Weighs In Balaji Srinivasan, Coinbase's (NASDAQ:COIN) former CTO, made a bold prediction on Saturday. He believes Bitcoin's (CRYPTO: BTC) price could skyrocket to $1 million by June 17 due to the rapid devaluing of the U.S. dollar in the coming months.

Will bitcoin hit $1 million in 90 days?

Analyst’s Take: Crypto analyst Miles Deutscher does not agree with Srinivasan and said that Bitcoin won't hit $1 million in 90 days, but he believes this bet has spurred on the conversation around the “hyperbitcoinization theory”. The analyst said Srinivasan has cleverly “used an outlandish bet as a vehicle to perpetuate this narrative.”

How much is 1 BTC worth?

You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days. All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.