Podcasts Technology Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News 446: BITCOIN HITS NEW $42K ALL-TIME HIGH!! BILLIONAIRE VENTURE CAPITALIST SAYS BTC WILL SURPASS $200K!!

446: BITCOIN HITS NEW $42K ALL-TIME HIGH!! BILLIONAIRE VENTURE CAPITALIST SAYS BTC WILL SURPASS $200K!!

Published: Jan. 8, 2021, 4:28 p.m.

Bitcoin continues it's parabolic bull rally hitting a new $42,000 BTC all-time high this morning while the cryptocurrency market cap continues soaring past the historic $1 trillion market cap milestone.

Billionaire venture capitalist Chamath Palihapitiya thinks Bitcoin is on its way to a $200,000 price point.

Palihapitiya, the founder and CEO of Social Capital, says in a new CNBC interview that Bitcoin is on its way to meteoric heights as people realize Bitcoin can offer them insurance in a politically and economically unstable society.

“Can you play the clip in 2012 and 2013 when it was at $200 and everybody was laughing at me on CNBC every time I would talk about Bitcoin?

Where is it going? It’s probably going to $100,000, then $150,000 then $200,000.”

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