Billionaire Chamath Palihapitiya predicts Bitcoin will reach $500,000 by 2025

From Nasdaq

August 17, 2024 09:51:00 AM:

Billionaire investor Chamath Palihapitiya predicts Bitcoin will hit $500,000 by 2025. He previously forecasted a $1 million price. Palihapitiya owns an unknown amount of Bitcoin, revealing he once had 100,000 Bitcoins. He believes Bitcoin’s price will rise due to halving events and ETF approvals, with potential to surpass gold’s value.

Palihapitiya’s bullish Bitcoin outlook is based on halving events and increased institutional adoption. Other catalysts include lower interest rates and regulatory support. Former President Trump and Vice President Harris have shown positive attitudes towards Bitcoin. Ark Invest’s Cathie Wood projects a $3.8 million Bitcoin price, while MicroStrategy’s Michael Saylor suggests it could reach $13 million by 2045.

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Read more at Nasdaq: 1 Top Cryptocurrency to Buy Before It Soars 1,600%, According to Chamath Palihapitiya