Chamath Palihapitiya, a venture capitalist, and billionaire says that if the global financial system crumbles, Bitcoin will expand financial accessibility for billions of people.
One of the best-established Bitcoin holders is the Social Capital CEO and former Facebook executive. In a new interview, Palihapitiya discusses what he thinks it would take for Bitcoin’s price and adoption to hit meteoric heights.
However, Palihapitiya also claims that this is a situation no one want to happen.
â€œAnd honestly, I think you hope that you never need it because the amount of actual chaos that will drive bitcoin appreciation is not something you actually really want to see.â€
Palihapitiya also says that inflation will continue irrespective of who wins the November election.