Posted 1/8/2024, 7:30:00 AM
Bitcoin Predicted to Reach Mainstream Adoption by 2024 if Spot ETFs Approved in 2023, Says Billionaire Investor Chamath Palihapitiya
- Billionaire investor Chamath Palihapitiya predicts Bitcoin will reach mainstream adoption by 2024 if spot BTC ETFs are approved in 2023
- This would represent Bitcoin "crossing the chasm" from early adoption to widespread mainstream use
- Crossing the chasm refers to overcoming the gap between innovative early adopters and more pragmatic mainstream users
- Palihapitiya previously claimed "crypto is dead in America" in April 2022 but has changed his stance given potential ETF approvals
- ETF approvals expected to catalyze massive marketing blitz and increased public awareness, driving more widespread Bitcoin adoption