Chamath Palihapitiya, the founder and CEO of Social Capital, recently made a bold prediction about the future of Bitcoin. He believes that the cryptocurrency will reach a turning point in 2024, when it will become a widely accepted form of payment.

Palihapitiya has been a long-time advocate of Bitcoin and other cryptocurrencies. He has invested heavily in the space and has been a vocal proponent of its potential. In an interview with CNBC, he stated that he believes that Bitcoin will reach a tipping point in 2024, when it will become a widely accepted form of payment.

The prediction is based on the idea that as more people become aware of Bitcoin and its potential, more people will start to use it as a form of payment. This could lead to a surge in demand for the cryptocurrency, driving up its value. Palihapitiya believes that this tipping point could be reached within the next five years.

While Palihapitiya’s prediction is certainly bold, it is not without its skeptics. Many experts in the cryptocurrency space have expressed doubts about the feasibility of such a prediction. They point out that Bitcoin’s price is highly volatile and unpredictable, making it difficult to predict its future value.

Despite the skepticism, Palihapitiya’s prediction is an interesting one. If it turns out to be correct, it could be a major turning point for Bitcoin and the cryptocurrency space as a whole. It could lead to widespread adoption of the cryptocurrency and potentially drive up its value significantly.

Only time will tell if Palihapitiya’s prediction will come true. Until then, it is important to keep an open mind and remain aware of the potential of Bitcoin and other cryptocurrencies. With the right conditions, Bitcoin could indeed reach a tipping point in 2024 and become a widely accepted form of payment.