When Bitcoin price reaches $ 150,000, Chamath Palihapitiya – CEO of Social Capital – will buy The Hamptons and convert it to sleepaway camps for kids
There is a lot of Bitcoin price forecasts coming back as the bull market recovers. By 2021, of course this story cannot be absent. Quite a few people are extremely excited about Bitcoin’s growth.
Will Bitcoin price reach $ 150,000 in the future?
Recently, Chamath Palihapitiya, the Founder and Managing Partner of The Social+Capital Partnership – a venture capital fund based in Palo Alto, boldly announced that if Bitcoin reached $ 150,000, he would buy The Hamptons and convert it to sleepaway camps for kids, working farms, and low-cost housing.
When $BTC gets to $150k, I will buy The Hamptons and convert it to sleepaway camps for kids, working farms and low-cost housing.
— Chamath Palihapitiya (@chamath) December 30, 2020
The Hamptons is a group of towns, villages, and hamlets, concentrated on the eastern end of Long Island. Most famously, the region is a popular getaway for people from New York City. The Hamptons is known for its rural setting and amenities. The highly esteemed Cooper’s Beach, the historic Shinnecock Golf Club, and the Hampton Classic — which has been running since before 1900 — are just a few of the things that draw visitors from not just the city, but from across the nation, and even the globe.
The seaside region is most notably associated with celebrity sightings. Many of the rich and famous spend their summers on spacious estates nestled along the Atlantic Ocean, often hidden behind tall hedgerows. Comedian Jimmy Fallon is known for making appearances in Hamptons hot spots such as the Stephen Talkhouse, Alec Baldwin is often spotted there, and many of the Real Housewives are out and about during the summer months.
This is a great idea and useful to the community. Because, this shows that he – a person in the cryptocurrency market – is not only interested in money and profits but also interested in the community.
Chamath Palihapitiya, the Founder and Managing Partner of The Social+Capital Partnership – a venture capital fund based in Palo Alto
Furthermore, this also says Bitcoin is supposed to be a currency, and also appreciate massively … Still, there’s been an opinion saying since a decade the beloved USD is inflating while BTC is deflating. The reason it is volatile is that it is still in the transition phase from few to many.
In another development, because the value of Bitcoin is not directly tied to any obvious real-world phenomenon, it can appreciate or depreciate in ways that are hard to predict or even explain.
As an investment, this makes it hard to recommend for anyone hoping to avoid big losses. Some say bitcoin could reach as high as $50,000 next year, and although that seems extreme, it is not out of the question if investors move money from other assets into bitcoin.
Of course, it is just as possible that the price will head in the opposite direction in 2021. The one thing that seems certain is that the wild ride of 2020 will be repeated — so buckle up.
You can see the BTC price here.
Read more:
- Bitcoin Price Crossed $29,000 Wednesday Evening For The First Time Ever, Pushing Further Into The New Rally
- 2020 Had The Lowest Amount Of Bitcoin Stolen Through Hacks And Scams, Up To 4,366 BTC