Mike Green
@@profplum99 · Building · macro, asset-manager, btc-skeptic
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Mike Green took the bear/against side of a 5-to-1 wager with Peter McCormack, effectively betting that Bitcoin would NOT reach $100,000 by December 31, 2024. Terms: if BTC hit $100k, Green pays McCormack $20,000; if BTC missed, McCormack pays Green $100,000.
“Peter McCormack wagered against Michael Green that bitcoin would reach at least $100,000 before December 31, 2024... The wager operated at 5-to-1 odds. If bitcoin hit the target, Green would pay McCormack $20,000. Conversely, McCormack stood to lose $100,000 if the price target wasn't met.”
Green bet BTC would NOT reach $100,000 by 2024-12-31; BTC hit $108,389 by the deadline, so the $100k target was reached and Green's bear side lost.