Bitcoin Could Go To $500K By October 2025, Says Silicon Valley VC
Portfolio Pulse from Murtuza Merchant
Social Capital CEO Chamath Palihapitiya predicts Bitcoin could reach $500,000 by October 2025, based on historical price patterns following halving cycles. He highlights the potential for Bitcoin to replace gold and the impact of Bitcoin ETFs on adoption.
June 05, 2024 | 12:59 pm
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Chamath Palihapitiya predicts Bitcoin could reach $500,000 by October 2025, based on historical price patterns following halving cycles. He also emphasizes the role of Bitcoin ETFs in driving adoption.
Palihapitiya's prediction is based on historical data from previous Bitcoin halving cycles, which have shown significant price increases. The introduction of Bitcoin ETFs is expected to further drive adoption and price appreciation.
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