Social Capital CEO Chamath Palihapitiya sees Bitcoin eventually expanding into a six-digit price territory. The former Facebook executive also doubled-down on his belief that BTC is an insurance policy that will thrive in the current times of economic uncertainty, but it will grow to something “much more important.”

“Can you play the clip in 2012-2013 when it was at $200, and everybody was laughing at me at CNBC when I was talking about bitcoin?

Where is it going? It’s probably going to $100,000 to $150,000, then to $200,000. In what period – I don’t know – 5 years, 10 years, but it’s going there.”

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