Don’t Take Balaji’s Bet of Bitcoin At $1 Million in 90 Days Seriously, Analysts Explain Why

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Popular market analyst Alex Kruger wrote:

Incredibly many taking the Balaji $BTC to $1 million in 90 days view seriously, because he is Balaji. This is an example of the cognitive bias “Appeal to Authority”. Chances of that happening are 0.0000%. The bet is insane unless there’s an ulterior motive. The issue is that a large percentage of the population is actually not intelligent enough to see this, and they are likely to gamble/invest thinking BTC may be going to $1 million soon.

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