Chamath Palihapitiya, chairman of Virgin Galactic, says that Bitcoin has replaced gold - markets and prices
Chamath Palihapitiya, chairman of Virgin Galactic, says that Bitcoin has replaced gold - markets and prices
The chairman and CEO of Virgin Galactic from Social Capital, Chamath Palihapitiya, says Bitcoin has effectively replaced. After the prediction that the price of the cryptocurrency would achieve $ 200,000, the manager said that "market capitalization of Bitcoin will simply grow".
Palihapitiya: "I can almost certainly say that Bitcoin has effectively replaced gold"
The chairman of Virgin Galactic, Chamath Palihapitiya, spoke in an interview with CNBC at the Delivering Alpha Conference about Bitcoin last week. The billionaire is also the founder and CEO of social capital.
At the beginning of this year, Palihapitiya predicted that the price of btc would reach 200,000 US dollar in about five years. On Wednesday, he said to his price forecast:
It is very difficult for me to sit here, give them a prerequisite, but I can almost certainly say that Bitcoin, I think, has effectively replaced gold. And it will continue to do so. And so this market capitalization will simply grow.
The price of Bitcoin is $ 48,093 and its market capitalization is $ 905.8 billion, based on data from bitcoin.com-markets .
Palihapitiya has long been a Bitcoin supporter. He Last year I bought a lot and I think I had almost 5% of all Bitcoins. My basis is about 80 dollar a coin. I have never ever bought. "
He explained that cryptocurrencies and decentralized finances (Defi) were part of Web 3.0, while Google and Facebook dominated the first two versions of the Internet. The next stage of the development of the Internet "is to rebuild all the stuff without an obvious leader," said Virgin Galactic's chairman. "It's completely headless. It's completely peer-to-peer. And I think that's both scary and intoxicating."
Palihapitiya has also reported whether the supervisory authorities could kill Bitcoin or cryptocurrency. Some people, such as the founder of Bridgewater Associates, Ray Dalio, have warned that governments could kill cryptocurrency if it is really successful. However, many others said it was not possible to kill crypto, including Tesla CEO Elon Musk, who recently suggested that the governments " do nothing "to control or control crypto.
Palihapitiya said:
I think it's very difficult to kill [Bitcoin]. Technically, it is very difficult. As it is structured, it is the most profound iteration of the Internet we have ever seen.
Do you agree to Chamath Palihapitiya that Bitcoin has replaced gold? Let us know in the comment area below.
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