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.

“And 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.”

Palihapitiya also says that inflation will continue irrespective of who wins the November election.


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