Billionaire venture capitalist Chamath Palihapitiya believes that 2024 could be the biggest year for Bitcoin (BTC).

In a new episode of the All-In Podcast, Palihapitiya says that the approval of a slew of Bitcoin exchange-traded funds (ETFs) will likely be a game-changer for Bitcoin.

According to Palihapitiya, the ETFs will allow certain segments of the population to finally get some exposure to BTC, which could ultimately lead to mainstream adoption.

“I think this is the most important year for Bitcoin that has ever existed. We are probably days away from a series of ETFs being approved, and so this is the moment for Bitcoin to use that old term ‘cross the chasm’ and really see mainstream adoption where our parents and grandparents understand what it is, can buy it and then do buy it. 

And I think that, if all of this comes to pass, Bitcoin will be a part of the traditional financial lexicon by the end of 2024. So that is my most anticipated trend of the year.”

The U.S. Securities in Exchange Commission (SEC) is expected to make a decision on several Bitcoin ETF applications between now and January 10th. Some of the BTC ETF hopefuls include asset managers BlackRock, ARK Invest, VanEck and Valkyrie Investments.

Bitcoin is trading at $43,936 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post 2024 Is the Most Important Year for Bitcoin (BTC), Says Billionaire Chamath Palihapitiya – Here’s Why appeared first on The Daily Hodl.