Chamath Palihapitiya sees Bitcoin as insurance against uncertainty
Cointelegraph
Published Jan 08, 2021 06:11PM ET
Updated Jan 10, 2021 09:00PM ET
Bitcoin’s (BTC) price has risen dramatically over the past days and weeks, recently wheeling past $40,000. An asset largely untied to governmental authority, Bitcoin is a hedge against global uncertainty, according to venture capitalist and billionaire Chamath Palihapitiya.
Citing a possible five or 10-year time horizon, Palihapitiya said he thinks Bitcoin will likely reach $200,000 at some point. “The reason is because, everytime you see all of this stuff happening, it just reminds you that wow our leaders are not as trustworthy and reliable as they used to be,” he told CNBC in an interview on Thursday. He added:
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Written By: Cointelegraph
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