Bitcoin billionaire and venture capitalist Chamath Palihapitiya, who happens to be an early BTC adopter predicts the king cryptocurrency to surpass $1 million per coin within the next 15 years as well as hit $200K in the years ahead.
The Bitcoin O.G. believes it's now best to view both the king crypto and the US dollar in a narrow lens by tracking their relative strength alongside direct competitors.
"Conventional wisdom is that the war in Ukraine is the crypto boon we've all been waiting for and that the USD is on its last legs. But in reality, BTC and USD are both winning right now. Here's a more nuanced take…
BTC is separating itself as an institutional grade safe haven vs EVERY other crypto asset AND the US denominated assets are well bid vs assets in other currencies.
When BTC falls, other cryptos fall more. When US assets fall, other non-US denominated assets/currencies get smoked."
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