Bitcoin Is the Most Profound Iteration of the Internet, According to Chairman of Virgin Galactic

Billionaire and enterprise tycoon Chamath Palihapitiya says that Bitcoin’s community is the greatest model of the web we’ve right now.

In a new interview with CNBC, the CEO of Virgin Galactic says that massive tech gamers akin to Google and Fb have dominated the first two variations of the web by creating and organizing a lot of what individuals work together with on-line.

 

However Palihapitiya, a former govt of Fb himself, believes that Bitcoin (BTC) and different decentralized peer-to-peer cryptocurrencies can change that.

“[Web 3.0] is rebuilding all of that stuff with out an apparent chief. It’s fully headless. It’s totally peer-to-peer. And I believe that that’s each scary and exhilarating.”

Palihapitiya additionally believes that Bitcoin is a good hedge towards inflation and that it has “basically replaced gold.

“I’m very involved about medium-term inflation. In an inflationary surroundings, in my very simplistic view of the world, I need to personal three issues: hypergrowth [assets]… cash-generative belongings… after which I need to personal non-correlated belongings [such as BTC and Solana].”

Regardless of previously predicting that BTC might attain a value of over $200,000, Palihapitiya now says he doesn’t have a stable forecast for the token.

“It’s very exhausting for me sitting right here to provide you with a value prediction, however I can fairly confidently say that Bitcoin, I believe, has successfully changed gold.

It’s going to proceed to accomplish that. And in order that market cap is simply going to develop.”

Bitcoin is buying and selling at $43,423 at time of writing, in accordance to CoinGecko.

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