Chamath Palihapitiya, venture capitalist and CEO of Social Capital, explained that 2024 will be the year for bitcoin to “cross the chasm” and become a mainstream asset. Palihapitiya believes that the approval of an upcoming slew of spot ETFs will power bitcoin to become part of the traditional financial lexicon of 2024.
Chamath Palihapitiya States Bitcoin Might Become a Mainstream Asset in 2024
Chamath Palihapitiya, CEO of Social Capital, stated that 2024 might be the year in which bitcoin grows as an investment asset. In a recent podcast, Palihapitiya stated bitcoin would be one of the most anticipated trends for 2024, having the opportunity to break into traditional finance using the upcoming ETFs as vehicles.
At the All-in podcast, Palihapitiya explained:
I think this is the most important year for Bitcoin that has ever existed we are probably days away from a series of ETFs being approved and so this is the moment for Bitcoin to use that old term ‘cross the chasm’ and reall
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