By 2030, Bitcoin may gain the status of "gold 2.0"

Chairman of Social Capital, Chairman of the Virgin Galactic Tourism Space Flight Company, Co-OwnerGolden State Warriors basketball team and billionaire Chamat Palihapitiya are confident that over the next decade, the price of bitcoin could rise significantly.

The former leader of Facebook began investing in bitcoin back in 2013, when the price of a coin was at $ 80. At that time, he owned about 5% of the total coins.

Chamat Palihapitiya believes that the fall of the traditional financial system can help Bitcoin gain the status of “gold 2.0” by 2030.

“I think bitcoin needed such a moment to gain relevance.

Over the next 10 years there will be enoughtime to direct assets into it and protect yourself. There is a real possibility that by 2030 the problem can no longer be solved through inflation, and the only way to return to deflation will be to create some kind of quasiform gold standard.

Bitcoin will create a quasi-gold standard, and you alreadyyou don’t have to own gold that belongs to central banks. This is a tool whose value is determined by its participants and which belongs to everyone. ”

Participating in a discussion with Morgan Creek partnerDigital Anthony Pompliano, a billionaire investor, expressed his opinion on the global economy in light of the outbreak of coronavirus. He is convinced that in the next 10 years, bitcoin can provide significant benefits during the economic crisis.

In his current state, Palihapitia called bitcoin too unstable for mass adoption, however, he noted its potential as a successful reserve currency.

"It's still a speculative tool that can't be considered reliable.the expert added.

If you claim that it should replace fiat currency, consider the volatility of the US dollar.You can't replace it with something more unstable."

At the same time, Palihapitia is of the opinion that the modern client is trying to get away from fiat payments, which may favorably affect the state of bitcoin.

In conclusion, the crypto investor said that bitcoin is a binary investment, here "either zero or millions."

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