'Is Bitcoin cooked?' Chamath Palihapitiya gives a stark answer
BTC when published $81,553Now $80,568 ▼ −1.21% since it was published
Billionaire venture capitalist and entrepreneur Chamath Palihapitiya used to be one of the most bullish voices on Bitcoin (BTC). In January 2021, he had predicted that the leading cryptocurrency would hit $200,000. But over the years, he has become increasingly skeptical of the asset. When tech entrepreneur Peter Diamandis recently asked him if Bitcoin is cooked, the billionaire gave a stark answer. Chamath Palihapitiya's changing views on Bitcoin After spending a few years leading advertising and growth at Facebook, Palihapitiya founded a VC firm called Social Capital in 2011. He has launched several high-profile special-purpose acquisition companies ( SPACs ) as the Social Capital founder, earning the moniker "SPAC King." A SPAC is a publicly traded shell company that is created with the sole purpose of acquiring or merging with…
First reported by TheStreet. This page is a short excerpt; the full text is theirs.
