A $1 million price on bitcoin would represent a roughly 3,600% increase from the digital currency's current price.
Most people have poured cold water on this prediction.
Gemini's Beard said "there's probably a world where bitcoin hits a million dollars" but not in 90 days as Srinivasan wagered.
"I think for bitcoin to be a million dollars in 90 days, some crazy things are happening in the world, which we don't want," Beard said, adding that it could take 10 years to get anywhere near that figure.
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