Billionaire investor and former Facebook executive Chamath Palihapitiya made a statement about the cryptocurrency market. The famous name, who is also the founder and CEO of Social Capital, stated that Bitcoin is a store of value and replaces gold.
Expressing that BTC’s market share will grow more and more over time, the famous billionaire said, “I can now easily say that Bitcoin has already replaced gold and the pointer will return to the BTC side with each passing day.”
The Canadian businessman, known to have a fortune of more than $ 1.3 billion, continued his statements as follows:
“I am very worried about inflation in the medium term. I would like to have 3 products in this environment. The first is to invest in companies with hyper-growth potential. The second would be to invest in underground mining companies because they are essentially like cash generating companies. The third is to invest in products like Bitcoin and Solana. All these invested products can completely save you from the risk of inflation.
Mentioning that the DeFi industry will grow with each passing day, the famous name announced the Bitcoin price forecast as $ 200,000 in his previous statements.