Bitcoin’s long-term role as a global store of value may be closer than many expect, according to billionaire investor Chamath Palihapitiya.
Speaking on the current market cycle, he argued that BTC could climb as high as $1.14 million before the cycle ends, eventually displacing gold as the world’s preferred hedge.
Rather than focusing on short-term trading, Palihapitiya framed his view around two forces shaping the market: Bitcoin’s halving-driven supply shocks and the surge of institutional inflows through spot ETFs. He described ETFs as a “game changer,” saying they have created a turning point in adoption by making Bitcoin more accessible to major investors.
Looking back at previous market cycles, Palihapitiya said his target was derived from average growth patterns, not from speculation or financial advice. He stressed that past data from the second and third cycles points toward significant upside potential in the current phase.
The investor also shared his outlook on how Bitcoin might fit into everyday economies. While national currencies are unlikely to disappear, he predicted more countries will operate in a dual model—using fiat for daily transactions while turning to Bitcoin as a long-term reserve. In that framework, BTC would naturally absorb the role that gold has played for centuries.
If Bitcoin reaches the levels Palihapitiya outlined, it would mark one of the largest shifts in modern financial history, placing the digital asset at the center of wealth preservation on a global scale.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Related stories
Next article
Source: https://coindoo.com/billionaire-investor-predicts-bitcoin-will-overtake-gold-as-global-store-of-value/
