Former Coinbase CTO Balaji Srinivasan and anonymous Twitter user James Medlock entered into a bet on Bitcoin price predictions. According to the proposed terms, if the price of Bitcoin fails to reach $1 million by June 17, Medlock will win. USDC worth $1 million, in the same way that if Bitcoin is worth at least $1 million by that date, then Balaji can get 1 BTC. Other Twitter users helped set up smart contracts with betting terms, and Srinivasan also revealed that he would put up another $1 million in USDC for another bet on the same topic: “I bet $2 million in USDC, and I will bet with Medlock is doing it with another guy, and everyone else should go buy Bitcoin.”