How PolicyEngine shaped the outcome of the $1 million bet James Medlock won today
<p>The high-profile Twitter bet between <a href="https://twitter.com/jdcmedlock" rel="noopener ugc nofollow" target="_blank">James Medlock</a> and <a href="http://twitter.com/balajis" rel="noopener ugc nofollow" target="_blank">Balaji Srinivasan</a> has reached its conclusion, and PolicyEngine played a pivotal role in shaping the outcome. On March 16, 2023, <a href="https://twitter.com/jdcmedlock/status/1636480393007489024?ref_src=twsrc%5Etfw" rel="noopener ugc nofollow" target="_blank">Medlock bet</a> that the US would not enter hyperinflation, with <a href="https://twitter.com/balajis/status/1636797265317867520?ref_src=twsrc%5Etfw" rel="noopener ugc nofollow" target="_blank">Srinivasan taking the bet</a> and wagering that Bitcoin would exceed $1 million US dollars within 90 days. The bet garnered widespread attention, with Medlock pledging to donate a portion of his potential winnings to <a href="http://givedirectly.org/" rel="noopener ugc nofollow" target="_blank">GiveDirectly</a>, a charity that provides unconditional cash transfers to extremely poor households in East Africa.</p>
<p>Today Medlock announced the settlement of the bet, revealing that Srinivasan had donated $500,000 to GiveDirectly and transferred an additional $500,000 to Medlock. Srinivasan also donated $500,000 in BTC to support Bitcoin Core development via Chaincode.</p>
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