Bitcoin is predicted to reach $ 500,000 by October 2025

Chamath Palihapitiya, a venture capitalist, billionaire, and one of the first executives of Facebook, said that the bitcoin price will reach $ 500,000 by October 2025.

In a conversation with Vance Casares, a Silicon Valley entrepreneur, in the new episode of the All-In program, Chamath Palihapitiya shared his thoughts on the situation on the crypto market. According to him, if BTC $95,900.68 Bitcoin -0.35% Market capitalization $1.9 trillion VOL. 24 hours $2.36 billion continues its upward trend after the halving, it could overtake gold and become the most important investment instrument for the markets.

«BTC could soar to almost $ 500,000 by October 2025, and amid the dollar’s depreciation, it will have really interesting opportunities ,» Palihapitiya said.

According to the businessman, some countries should use the first cryptocurrency on a par with the official currency. The billionaire is convinced that states should consider cryptocurrencies as a valuable asset that can protect them in the face of global economic instability. Earlier, Chamath Palihapitiya said that society will eventually find a way to tokenize all its assets and property to increase their value.