Bitcoin: The Best ‘Schmuck Insurance” for Investors - Bitcoinist.com
Social Capital CEO and early Bitcoin investor Chamath Palihapitiya recently said investors should “just buy Bitcoin” and wait for gains.
According to Palihapitiya, in 2013 he and a few of his Silicon Valley friends once owned nearly 5% of the entire Bitcoin float and Palihapitiya believes that Bitcoin will be worth at least $1 million in 20 years. To date, Bitcoin has rallied more than 200% after dropping more than 70% in 2018 and a growing number of analysts are forecasting that the digital asset will top its previous all-time high of $20,000 before the end of 2019.
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