Billionaire Chamath Palihapitiya Says Bitcoin Will Surpass $200,000

Billionaire Chamath Palihapitiya Says Bitcoin Will Surpass $200,000


Billionaire venture capitalist Chamath Palihapitiya thinks Bitcoin is on its way to a $200,000 price point.

Palihapitiya, the founder and CEO of Social Capital, says in a new CNBC interview that Bitcoin is on its way to meteoric heights as people realize Bitcoin can offer them insurance in a politically and economically unstable society.

Can you play the clip in 2012 and 2013 when it was at $200 and everybody was laughing at me on CNBC every time I would talk about Bitcoin?

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

Palihapitiya says Bitcoin’s properties as a scarce asset that’s largely uncorrelated with the macro economy will continue to fuel its rise amidst rising economic uncertainty, although the timing of his prediction is unknown.

“In what period? I don’t know – five years, ten years, but it’s going there, and the reason is because every time you see all of this stuff

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