🆘 Sudden U.S. Dollar Collapse ‘Fear’ Predicted To Trigger A $15.7 Trillion ETF Bitcoin Price Gold Flip As Countries Go ‘Dual Currency’🛑
BitcoinBitcoin +0.4% has exploded into 2024, powered by the arrival of a fleet of spot bitcoin exchange-traded funds (ETFs) on Wall Street (with a top BlackRock executive recently revealing what's next).
The bitcoin price has soared back to its all-time high of around $70,000 per bitcoin, recovering from a 2022 crash that Goldman Sachs' crypto lead thinks could signal a bitcoin price "turning point."
Now, after U.S. Treasury secretary Janet Yellen issued a serious warning over the swelling $34 trillion U.S. debt pile, former billionaire and All In podcast "bestie" Chamath Palihapitiya has predicted bitcoin could "completely replace gold" as countries adopt it--potentially pushing it's market capitalization toward gold's $15.7 trillion.
There's an increasing body of countries that will become dual-currency," Palihapitiya said on the podcast he hosts along with fellow investors David Friedburg, Jason Calacanis and David Sacks.
"They will look at their local currency and they will look at bitcoin. And they will say both of these two things are needed. The first for when they're transacting on a daily basis for goods and services and the second when you need to buy a permanent asset that needs to have residual value, they'll buy bitcoin."
$BTC #MtGox
#btc70k #ETFvsBTC #BlackRock #ETHETFsApproved
BitcoinBitcoin +0.4% has exploded into 2024, powered by the arrival of a fleet of spot bitcoin exchange-traded funds (ETFs) on Wall Street (with a top BlackRock executive recently revealing what's next).
The bitcoin price has soared back to its all-time high of around $70,000 per bitcoin, recovering from a 2022 crash that Goldman Sachs' crypto lead thinks could signal a bitcoin price "turning point."
Now, after U.S. Treasury secretary Janet Yellen issued a serious warning over the swelling $34 trillion U.S. debt pile, former billionaire and All In podcast "bestie" Chamath Palihapitiya has predicted bitcoin could "completely replace gold" as countries adopt it--potentially pushing it's market capitalization toward gold's $15.7 trillion.
There's an increasing body of countries that will become dual-currency," Palihapitiya said on the podcast he hosts along with fellow investors David Friedburg, Jason Calacanis and David Sacks.
"They will look at their local currency and they will look at bitcoin. And they will say both of these two things are needed. The first for when they're transacting on a daily basis for goods and services and the second when you need to buy a permanent asset that needs to have residual value, they'll buy bitcoin."
$BTC #MtGox
#btc70k #ETFvsBTC #BlackRock #ETHETFsApproved
