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Bitcoin Has Replaced Gold, Says Billionaire Chamath Palihapitiya

Last update 30.09.2021 10:37

Social Capital CEO Chamath Palihapitiya recently opined that Bitcoin had “effectively replaced” gold at CNBC’s Delivering Alpha conference:

Bitcoin Has Replaced Gold, Says Billionaire Chamath Palihapitiya

I can pretty confidently say that bitcoin has replaced gold, and it will continue to do so.
 

 

Palihapitiya expects Bitcoin’s market cap to continue growing. The billionaire, however, declined to make a specific price prediction during his conversation with CNBC’s Scott Wapner.

Back in January, the former Facebook executive forecasted that Bitcoin could reach $200,000, but he also said that it would take the flagship cryptocurrency up to 10 years in order to get there:

Where is it going? It’s probably going to $100,000 to $150,000, then to $200,000.

Palihapitiya also said that he was “very concerned” about inflation. He’s placing his bets on hyper-growth companies, cash flow businesses and uncorrelated assets of the likes of Bitcoin.

During the most recent interview, Palihapitiya said that crypto could become “very big”:

I'm a huge intellectual bull. It could get very big. We all need to pay attention to it.

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All Data
Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 3.71 $72,084.86 $45.5B
Ethereum (ETH) 3.43 $4,038.91 $20.8B
XRP (XRP) 18.52 $0.727106 $4.4B
Solana (SOL) 1.58 $147.242060 $3.8B
Binance Coin (BNB) -2.22 $519.52 $3.0B
USD Coin (USDC) 0.03 $0.999697 $2.4B
Dogecoin (DOGE) 0.96 $0.174374 $2.1B
Shiba Inu (SHIB) -2.92 $0.000033 $1.7B
Floki Inu (FLOKI) -7.67 $0.000267 $1.3B
Avalanche (AVAX) 13.16 $47.596296 $1.2B
All Data