Billionaire investor and Silicon Valley venture capitalist Chamath Palihapitiya was shocking in an interview on Wednesday, saying he believed that Bitcoin had actually replaced gold. Earlier this year, Palihapitia predicted that the price of Bitcoin might reach as high as $200,000. In an interview on Wednesday, when asked if he wanted to predict the price of Bitcoin again, Palihapitia mentioned gold.
He said: “It is difficult for me to give a price forecast. But I can say with confidence that Bitcoin has actually replaced gold.” “It will continue to do so… the market value will only grow. “
At the end of the interview, Palihapitia stated that he was worried about inflation, but he was seeking protection from fast-growing companies, which he defined as “…companies that grow by 50% or more per year.” He mentioned Companies include Sofi, Opendoor Technologies and Clover Health.
The former Facebook executive is a billionaire investor and has 1.5 million followers on Twitter. He was one of the drivers of the retail squeeze war that broke out around game stations and other stocks at the beginning of this year.
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