Palihapitiya: Bitcoin will be $1 million

The venture capitalist Chamath Palihapitiya, one of the names who bought Bitcoin for $100 years ago, believes that Bitcoin will go further despite its tremendous rise this year.

As a guest of Squawk Box broadcast on CNBC screens “Probably this thing will reach $100,000 in the next 3 to 4 years,” Palihapitiya said. I think there will be a million dollars in the next 20 years.”

Palihapitiya, on the other hand, advises investors to invest 1 percent of their net worth in cryptocurrencies.

The founder and CEO of Social Capital, Palihapitiya was on Facebook for a period. He was a member of the senior executive team. The Sri Lankan businessman, who manages a $2.6 billion asset in his own firm, is also a partner of the NBA team Goldan State Warriors.

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