Chamath Palihapitiya Will Do This When Bitcoin Hits $150k

It’s been just revealed that venture capitalist Chamath Palihapitiya maps out some of his plans for when the price of Bitcoin reaches $150k.

Bitcoin is doing great these days, and at the moment of writing this article, BTC is trading in the green, and the coin is priced at $29,803.16.

It’s been revealed that the founder and CEO of Social Capital said that he’s planning to acquire the summer destination of choice for affluent New Yorkers and then transform it into a place that will be serving a greater good.

When Bitcoin hits $150k

The online publication the Daily Hodl also revealed that he said this: “When BTC gets to $150,000, I will buy The Hamptons and convert it to sleepaway camps for kids, working farms and low-cost housing.”

When he was asked what he will do once Bitcoin hits $400,000, he explained that his next focus area would be the red planet. “Mars.”

The same online publication mentioned above notes that In a recent interview, the billionaire venture capitalist said he purchased 1 million BTC in 2010 for about $80 per coin.

He also predicted that the price of the king coin would reach six-figure levels in less than half a decade and seven figures in two decades.

Bitcoin recent predictions

There have been all kinds of predictions about the price of Bitcoin these days, and most of them have been really optimistic.

On the other hand, analysts are also wondering whether BTC could be seeing a correction sometime soon.

For instance, just the other day, it’s been revealed that the pseudonymous trader known in the industry as Pentoshi predicts BTC is about to tumble to the low $20,000 range.

He also said that the timing of the king coin’s movement is suggesting a reversal is in store for the coin. Check out the tweets he shared.

Stay tuned for more news.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.