THELOGICALINDIAN - Virgin Galactics administrator and CEO of Social Capital Chamath Palihapitiya says bitcoin has finer replaced gold Having predicted that the amount of the cryptocurrency would hit 202400 the controlling said bitcoins bazaar cap is aloof activity to grow
Palihapitiya: ‘I Can Pretty Confidently Say That Bitcoin Has Effectively Replaced Gold’
Virgin Galactic Chairman Chamath Palihapitiya talked about bitcoin in an account with CNBC at the Delivering Alpha Conference aftermost week. The billionaire controlling is additionally the architect and CEO of Social Capital.
Earlier this year, Palihapitiya predicted that the amount of BTC would hit $200K in about bristles years. Commenting on his amount prediction, he said Wednesday:
The amount of bitcoin is $48,093 and its bazaar cap is $905.8 billion at the time of writing, based on abstracts from Bitcoin.com Markets.
Palihapitiya has continued been a adherent of bitcoin. He revealed aftermost year: “In 2013, I bought a lot and at one point I anticipate I had about 5% of all the bitcoins. My base is about 80 bucks a coin. I’ve never bought more.”
The billionaire broker was quoted aftermost anniversary as saying: “I haven’t put a lot of money alfresco of bitcoin obviously. You know, tens of millions, hundreds of millions — like baby basic appropriate now. It could get actual big. But irrespective of what I do, I will say we all charge to pay absorption to it because I anticipate the implications are enormous.”
He explained that cryptocurrencies and decentralized accounts (defi) are allotment of Web 3.0 while Google and Facebook bedeviled the aboriginal two versions of the internet. The abutting date of the change of the internet “is rebuilding all of that being after an accessible leader,” the Virgin Galactic administrator said. “It’s absolutely headless. It’s absolutely peer-to-peer. And I anticipate that that’s both alarming and exhilarating.”
Palihapitiya additionally reportedly commented on whether regulators could annihilate bitcoin or cryptocurrency. Some people, such as Bridgewater Associates architect Ray Dalio, accept warned that governments could kill cryptocurrency if it becomes absolutely successful. However, abounding others said it is not accessible to annihilate crypto, including Tesla CEO Elon Musk, who afresh appropriate that governments should “do nothing” to adapt or ascendancy crypto.
Palihapitiya opined:
Do you accede with Chamath Palihapitiya that bitcoin has replaced gold? Let us apperceive in the comments area below.
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