Billionaire investor Chamath Palihapitiya believes that holding Bitcoin alongside local currencies makes sense for many countries.
Dual-Currency System
Palihapitiya explains that some countries may not fully embrace Bitcoin but could adopt a dual-currency system. They would use their local currency for everyday transactions and Bitcoin for long-term asset purchases.
Bitcoin’s Performance after Halvings
Palihapitiya suggests that Bitcoin’s price could surge to $500,000 by October 2025 if it follows the trend observed after previous halvings.
Gold Replacement and Transactional Utility
He believes that Bitcoin has the potential to replace gold as a store of value and become a transactional currency for hard assets.
Economic Concerns
Palihapitiya notes that concerns about dollar devaluation could drive interest in Bitcoin as an alternative investment.
At the time of writing, Bitcoin is trading at $67,886.
