Billionaire Chamath Palihapitiya predicts that Bitcoin will reach USD $500,000 in 2025 – DiarioBitcoin

Taking into account the recent halving, concerns about the US economy and growing adoption, Palihapitiya projects that Bitcoin It will reach half a million dollars by next year.

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• Palihapitiya projects to Bitcoin over USD $500,000 by 2025
• He assures that the digital currency is seeing greater adoption, and more countries could join
• Highlights the behavior he has had Bitcoin after each halving
• It also points out the problems facing the US economy and other macroeconomic aspects.
• In the past he targeted about USD $200,000 per unit for the next few years

Chamat Palihapitiya, the billionaire investor and sports enthusiast Bitcoin, He assured that the main digital currency could be priced at around USD $500,000 per unit by 2025.

One Bitcoin at USD $500,000

Palihapitiya’s statements came into place during his participation in All-In Podcast on May 31, reviewed by several media, where he shared some ideas derived from a conversation he had with Wences Casares, a Silicon Valley entrepreneur who introduced him to the ecosystem Bitcoin only in 2010. There he highlighted the importance of achieving mass adoption of dual currency, similar to what the government of El Salvador achieved after making official BTC as legal tender.

For Palihapitiya it is very likely that Bitcoin reach half a million dollars to the extent that there is great adoption, since in countries that use dual currency they will surely use one for daily expenses, and save BTC as a way to safeguard value. Here he reinforced the idea of ​​cryptocurrency as the new digital gold, precisely because of the way in which it surpasses the precious metal in terms of certain characteristics.

Along with the aforementioned, Palihapitiya also explained how halvings positively affect Bitcoin in the coming months. Based on the performances in previous cuts, it is observed that the digital currency tends to increase considerably due to shortages in the face of greater demand.

Therefore, the renowned investor shared a graph during the broadcast, and there he anticipated that Bitcoin could skyrocket to almost USD $500,000 by October 2025 “as long as it follows the same pattern observed in previous market cycles.” He also highlighted that this could clearly be possible if other aspects are taken into account, such as concerns about the devaluation of the US dollar, as well as the current global macroeconomic scenario.

Bold readings on the price of Bitcoin

As such, Palihapitiya has been characterized by making daring readings about the price of Bitcoin in the past, but on this occasion he significantly raised the stakes just considering the current situation.

However, the investor is not the only one who has projected new highs for the main digital currency. Recently the founder and CEO of Ark InvestCathie Wood, projected that Bitcoin could be quoted at around USD $3.8 million by 2030, if institutions decide to formally enter and invest in the main digital currency, allocating at least 5% of their investment portfolios in BTC.

Being more modest we have Robert Kiyosaki, who made a closer reading and anticipates Bitcoin could reach a price of $300,000 before the end of 2024. However, in 2023, he predicted that BTC It will reach half a million dollars in 2025.

Other analysts have also recently projected that Bitcoin could reach new record highs this year as demand for ETFs and supply of ETFs continues to grow. Bitcoin is reduced thanks to halving. Matt Hougan, executive Bitwiseis one that believes that BTC could rise to USD $200,000 or higher in 2024 amid this context generated by an unbalanced supply and demand dynamic.

Article by Angel Di Matteo / DailyBitcoin

Image from DiarioBitcoin, under free use license

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.