Balaji: I just burned a million to tell you they're printing trillions
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If he believed that BTC would go to $1m or whatever, he could have made tremendously more money by buying $1m worth of BTC. If he wanted to sell at that point to donate to charity or run ads for his podcast, he could.
I don't know what makes Balaji so compelling that people keep falling for this charlatan.
That's literally all he and his peers do: desperately seek out attention. So yes, that's entirely believable.
Pump up and hype it by spinning it when your claim doesn't come true. I was wondering what the spin would be, but here it is.
If you're trying to run a game against true believers instead of just make an argument against non-believers, this is a MUCH more effective strategy. ("If trading, too early is being wrong. But if preparing, hell is truth seen too late. So I don't care that much about timing. Being early on something like this is being right." - this isn't an attempt to convince the people who believe he's "wrong", not "early", it's preaching to the choir.)
Only thing I see is there was no conviction, and today the price isn't $1m.