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Billionaire VC Tells CNBC that Bitcoin (BTC) has Replaced Gold

Man holding up a gold trophy cup

Former Facebook executive and billionaire CEO of Social Capital, Chamath Palihapitiya, believes Bitcoin has replaced Gold. Speaking to CNBC’s Scott Wapner at the Delivering Alpha conference yesterday, Palihapitiya made his bullish case for Bitcoin but said it would be hard to give an accurate price prediction. The best he could offer was to say Bitcoin is likely heading for $200,000…

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