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Bitcoin is a modern-day substitute for gold, enterprise capitalist Chamath Palihapitiya mentioned in a tv interview. Palihapitiya was being interviewed by CNBC information host Scott Wapner on the Delivering Alpha convention on September 29. When he was requested to foretell how excessive might Bitcoin worth shoot as much as, Palihapitiya didn’t give a determine however as an alternative answered that the cryptocurrency can dethrone gold.
“It is very laborious for me to offer a value prediction, however I can fairly confidently say that Bitcoin has successfully changed gold,” the 45-year-old enterprise capitalist mentioned.
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