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Billionaire Investor Chamath Palihapitiya Makes Case for Bitcoin to $500K

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Chamath Palihapitiya issues crucial Bitcoin price prediction

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While the first halving continued its growth trajectory, the second and third halving saw the most significant surges of 27.92x and 7.80x about 18 months after the halving event. Should this track record be retraced, then Palihapitiya surmised that the current consolidation is within the historical growth pattern of the coin.He also noted that one major difference in this cycle is the commercialization of Bitcoin, with spot ETF products now trading in the United States.

 

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