Chamath Palihapitiya, a Prominent Billionaire, Predicts Bitcoin Could Surge to $500,000 by 2025

Social Capital CEO Chamath Palihapitiya has made a bold prediction that Bitcoin will reach $500,000 per coin by the end of this year, citing the trajectory of previous halving cycles. This forecast surpasses the more conservative predictions of bank analysts at firms like Standard Chartered and Bernstein, who expect a more modest price appreciation over the next 18 months.

Palihapitiya analyzed Bitcoin’s historical price performance following each halving event on the All-In Podcast. After the third halving in May 2020, the asset’s price multiplied by 7.8x within 18 months. The halving, which occurs approximately every four years, cuts Bitcoin’s supply inflation rate in half every 210,000 blocks, creating a supply shock that drives up the price.

Bitcoin’s fourth halving took place on April 20, 2024, reducing the daily issuance from 900 BTC to 450 BTC. Based on the performance after the third halving, Palihapitiya projects a price of $497,977 by October 2025. When considering the average price performance between the second and third halvings, the projected price rises to $1.14 million.

Palihapitiya highlighted that an increasing number of countries may adopt a dual currency standard similar to El Salvador, using both local currency and Bitcoin for different purposes. He believes that if Bitcoin surpasses $500,000 per coin, it could replace gold and have transactional utility for hard assets.

The CEO also noted the significance of newly launched Bitcoin ETFs in commercializing Bitcoin and attracting significant inflows. This has led analysts at Standard Chartered to predict that Bitcoin could reach $200,000 by the end of 2025.

To take advantage of special offers in the crypto space, such as a Binance Free $600 exclusive welcome offer and a limited BYDFi Exchange offer up to $2,888 welcome reward, users can register through specific links provided.

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Company

Get Latest Updates!

    Get all the latest updates on the crypto scene, including access to exclusive airdrops. @2024. All Rights Reserved.