🚀💰 Social Capital CEO Chamath Palihapitiya predicts Bitcoin hitting a whopping $500k per coin by 2025, outshining predictions from firms like Standard Chartered and Bernstein.

Based on Bitcoin's past performance after halving events, Chamath's forecast seems plausible. Remember, Bitcoin's price multiplied 7.8x within 18 months after its third halving in May 2020.

Halving events, which cut Bitcoin's supply inflation rate in half every 210,000 blocks, create a supply shock that can drive up the asset's price.

The demand? Chamath points to an "increasing body of countries" adopting a dual currency standard, like El Salvador. Bitcoin could serve for daily transactions and as a permanent asset with residual value.

If Bitcoin does hit $500k, Chamath believes it will "completely replace" gold and even begin to have transactional utility for hard assets.

What do you think? Will Bitcoin reach these dizzying heights? Let's chat in the comments! 🚀💬 #Bitcoin #CryptoNews