Bitcoin is often loved and hated by the same people. Virgin Galactic chairman Chamath Palihapitiya is confident this is the most valuable tool to avoid another financial crisis.
Finding a use case for Bitcoin is often a lot more difficult than one may assume.
Virgin Galactic has High Hopes for Bitcoin
For many, it is a speculative asset first and foremost, whereas others deem it to be the money of the future.
Virgin Galactic Chairman Chamath Palihapitiya is confident there is more to Bitcoin than meets the eye.
In fact, he thinks it genuinely has merit as a way to avoid the new financial crisis looming ahead.
Thinking along these lines may seem somewhat unusual to a lot of people.
In reality, it makes a lot of sense for many different reasons.
All other financial assets appear correlated to one another, whereas Bitcoin is the clear exemption.
That is a very interesting train of thought, especially from a Virgin Galactic chairman.
Only time will tell if this project bull run for the cryptocurrency markets will materialize in the near future.
In recent weeks, Bitcoin has lost a fair bit of value, and shows no signs of recovering just yet.
That being said, the road to recovery can materialize when people least expect it.
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