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Billionaire Says an Exponential BTC Price Increase Would be a Disaster

Published 06/25/2020, 11:45 PM
Updated 06/26/2020, 01:20 AM
Billionaire Says an Exponential BTC Price Increase Would be a Disaster

Chamath Palihapitiya, the billionaire CEO of Social Capital and Virgin Galactic Chairman, has called Bitcoin a type of disaster insurance against governments making bad financial decisions.

In an interview with Unchained Podcast on June 23, Palihapitiya said hard-working people need something like Bitcoin as insurance, as the cryptocurrency is “really fundamentally uncorrelated” to the consequences of legislators behaving badly.

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