Billionaire Chamath says Bitcoin has replaced gold

Billionaire Chamath Palihapitiya shared his stance on Bitcoin and claimed that Bitcoin replaced Gold in terms of Investment. 

In the present time adoption of crypto is increasing rapidly, while there are few countries like China, which are not willing to have crypto like things in their country but want to see blockchain as a part of their financial infrastructure. Amid these situations, Bitcoin is getting huge attention from the big investors, and records show that Gold investors are moving toward Bitcoin Investment. 

Read also: Gold Investors Moving towards BTC and ETH : Bloomberg Expert

Chamath Palihapitiya is a billionaire and also CEO of Social Capital.

Recently, Chamath appeared in an interview with CNBC and said Bitcoin had “effectively replaced” gold. And also believes that Bitcoin will continuously beat Gold in terms of investment. 

“I can pretty confidently say that bitcoin has replaced gold, and it will continue to do so”

Chamath believes that the market cap of Bitcoin will continuously increase in future. But he didn’t predict his own expectations based on how much the price of Bitcoin will be in future. 

Earlier this, a former Facebook executive claimed that the price of Bitcoin will be $200,000 soon. But on this prediction, Chamath said that to reach at this level, Bitcoin needed for upto 10 years. 

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

Earlier this, Chamath Palihapitiya talked about his point of view on crypto in an interview and said that crypto will achieve a better height in future. 

“I’m a huge intellectual bull. It could get very big. We all need to pay attention to it”

Read also: Ethereum will replace Bitcoin in terms of leading crypto network : Polygon Co-founder