I think reading the million dollar Bitcoin bet in future inflation dollars is super important here.
Look, inflation is when the fiat currency LOSES nearly ALL of its value.
So this means that the loaf of bread you purchase today at $3.50 USD will cost $350 USD in 90 days due to inflation.
(Rough estimate, not at all sure how things will be priced with serious inflation...)
The point that a million dollar Bitcoin is ridiculous, isn't ridiculous.
It could actually be priced, in USD, as $1,000,000, but in reality, it will be worth somewhere around $70,000 to $80,000 in TODAY'S money.
We should be looking at this through the inflation lense, and not the today $ lense.
So yes, we should see the bet as a reality and his prediction as the inflated price of Bitcoin.
Let me know your thoughts in the comments below 👇