- Chamath predicts Bitcoin will reach $1.14M due to global economic instability.
- He views Bitcoin as a superior store of value, calling it “gold 2.0.”
- Early advice from 2013 could have turned $10,000 into over $9 million today.
Chamath Palihapitiya is very confident that Bitcoin will keep gaining value. The billionaire investor and former Facebook executive recently brought back a bold prediction he made in 2013. In an old video he shared on July 26, Chamath called Bitcoin a revolutionary storehouse for value. At the time, few people took him seriously. But now, as Bitcoin pushes toward all-time highs, his words from over a decade ago hit like a warning shot. He believes Bitcoin will reach $1.14 million this cycle—and he’s not just speculating. He’s certain.
A Vision Born in Crisis
In the clip, Chamath described Bitcoin — BTC , as “gold 2.0”—a stronger, smarter version of the precious metal. He didn’t see it as just another investment. He saw it as a shield against failing systems. According to him, countries under intense monetary stress—like Venezuela, Iran, Argentina, and Russia—will eventually turn to Bitcoin for protection. In those places, local currencies fall apart. Governments lose control. When that happens, people need something they can trust. Chamath believes Bitcoin fits that role.
He didn’t stop at interviews. He took his conviction to Bloomberg in 2013, where he published an op-ed encouraging people to invest 1% of their net worth in Bitcoin. On that day, Bitcoin traded at only $128.80. Many shrugged. Most ignored him. But history has a way of rewarding the bold. If someone had followed Chamath’s advice and invested just $10,000 when he wrote that op-ed, they’d now sit on over $9 million. That’s not a typo. That’s a return of more than 91,500%.
Clash With Wall Street Giants
For Chamath, the rise of Bitcoin started with the collapse of public trust. After the 2008 financial crisis, faith in banks and governments eroded. Institutions once seen as rock-solid now looked fragile. People needed a backup plan. Bitcoin offered one. Even as Bitcoin soared, critics refused to budge. Among them was Warren Buffett, who famously called Bitcoin “rat poison squared.” Most investors took Buffett’s side. Not Chamath.
Though he deeply respects Buffett and even calls himself a disciple, Chamath wasn’t afraid to disagree. He said Buffett was wrong about Bitcoin. He didn’t whisper it—he stood firm and spoke clearly. That moment marked a shift. Bitcoin wasn’t just for developers or digital rebels anymore. A respected voice from Silicon Valley was standing tall and pushing back.
Now, as Bitcoin climbs again, Chamath’s $1.14 million forecast seems less outrageous. It seems possible. In his view, this isn’t just another bull run. This is Bitcoin stepping into its final form—a digital fortress in a world filled with economic uncertainty. To Chamath, Bitcoin represents more than price action. It’s a symbol of rebellion. A monument built by mistrust. A quiet revolution wrapped in code. And this time, he’s not hoping. He’s betting.
