Bitcoin has grown by 92,525% in 13 years

American venture capitalist Chamath Palihapitiya reiterated his 13-year-old forecast for bitcoin BTC $117,796.70 Bitcoin -0.88% Market capitalization $2.34 trillion VOL. 24 hours $1.71 billion after the cryptocurrency set a new all-time high in July. Back in May 2013, Palihapitiya called for investing 1% of personal capital in bitcoin, calling it «insurance against fools,» and the coin was worth about $ 129 at the time.

As of the end of July 2025, the price of the market leader exceeded $ 119,300, and since the call, the value of the cryptocurrency has increased by 92,525%. At the time, Palihapitiya’s Bloomberg piece argued that investing 1% in an independent asset that could potentially redefine the entire financial system was a rational decision for a long-term investor.

Over the years, Palihapitiya has repeatedly referred to bitcoin as «gold 2.0,» emphasizing its role as a store of value. In his public speeches, he stated that bitcoin has actually replaced gold as a hedge against inflation and suggested that skeptics consider this cryptocurrency as an alternative to the traditional monetary system.

At the same time, the investor did not ignore the risks: in May 2025, he drew attention to the potential threat from quantum technologies, which, according to him, could affect the security of bitcoin. Even then, however, Palihapitiya continued to support innovation in digital assets and drew attention to the popularity of stablecoins and new stock exchange listings of crypto companies.