Billionaire venture capitalist Chamath Palihapitiya predicts is a $200,000 Bitcoin price for the king cryptocurrency and is detailing his outlook for global stock and crypto markets in the near term.

“I think that we’re in the midst of what I would call a melt-up. So probably in the next month, month and a half, there really isn’t much ‘bad news’ that hasn’t been priced in. The thing I’ve learned over the past few years is that markets don’t actually care what the news is. They can process good news and bad news equally well. What they despise is the uncertainty of what the news could be."

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