logo

Chamath Palihapitiya: Bitcoin has structural flaws as a central bank reserve asset

By: rootdata|2026/03/05 19:44:07
0
Share
copy

Billionaire venture capitalist Chamath Palihapitiya recently stated that btc-42">Bitcoin has "structural flaws" that may limit its widespread adoption by governments and central banks.

During the World Government Summit, Palihapitiya pointed out that Bitcoin falls short in two key dimensions: privacy and fungibility, making it unsuitable as a central bank reserve asset. He explained that Bitcoin operates on a transparent blockchain, where transaction histories are permanently recorded, which can lead to certain coins being treated differently due to associations with illegal activities, undermining Bitcoin's fungibility. In contrast, gold meets the requirements of sovereign institutions for privacy and fungibility, which is why central banks continue to hold large reserves of gold.

Palihapitiya believes that Bitcoin may struggle to achieve a tenfold increase in market value through central bank demand, but he remains optimistic about digital financial innovation, particularly stablecoins.

-- Price

--

You may also like

SBF's little brother turned 225 million into 5.5 billion in one year

Let’s meet the 24-year-old new "stock god" of AI.

In a World of Disruption, How Can Humanities Workers Better Use AI?

This AI in Practice experience is not about teaching you a few magical keywords to memorize; it's more like a methodology.

Anthropic Open Letter: The Hypocritical Sam Altman, PUA Master

OpenAI's extensive PR rhetoric with the Department of War on these issues is either lying or deliberately creating confusion. These facts reveal a pattern of behavior, a pattern I have seen many times in Sam Altman, and I hope everyone can recognize it

On the same day that Kraken's Fedmaster Account was approved, the banking lobbying group immediately launched a counterattack.

Banking Lobby Group Slams Kraken's Approval for "Limited Purpose" Fed Master Account.

Bitwise: This weekend's attack accelerated the on-chain migration of the financial world

The never-ending market has become a global obsession.

Market Downturn: Which Assets Are Worth Watching?

"Whether it can bring benefits to the holder" is one of the key reference indicators.

Popular coins

Latest Crypto News

20:43

Figure: The circulating supply of the securitized stablecoin YLDS increased to $588 million, a month-on-month growth of 56%

The Nasdaq-listed blockchain capital market company Figure Technology Solutions announced its latest business operations report, which disclosed that the circulating supply of its securitized stablecoin YLDS has increased to $588 million, a 56% increase compared to the previous period. YLDS aims to ...
20:43

Digital asset trading technology company Crossover Markets has completed a $31 million Series B funding round

Crossover Markets, an institutional-grade digital asset trading technology company, has completed a $31 million Series B funding round, reaching a valuation of $200 million. This round was led by Tradeweb Markets, a global multi-asset electronic trading platform, with participation from institutions...
20:43

Data: ETH total network contract open interest increased by 5.89% in 24 hours

According to Coinglass data, the total contract open interest for ETH has increased by 5.89% in the past 24 hours, with the current total open interest at $28.56 billion. Among them, Binance has an open interest of $6.17 billion, OKX has $1.82 billion, Bybit has $2.151 billion, and Gate has $2.95 bi...
20:43

The spot Bitcoin ETF saw a net inflow of over $1.1 billion in three days, with analysts stating that the "safe-haven asset" narrative is returning

The inflow of spot Bitcoin ETFs has significantly rebounded. Data shows that spot Bitcoin ETFs recorded a total net inflow of approximately $1.1 billion, with a single-day net inflow of about $462 million. BlackRock's iShares Bitcoin Trust (IBIT) led with around $307 million. The return of funds has...
20:43

FATF: Peer-to-peer transfers of stablecoins have become a major money laundering risk, recommending issuers to introduce freezing and blacklisting mechanisms

The global anti-money laundering organization Financial Action Task Force (FATF) pointed out in its latest report that stablecoin peer-to-peer (P2P) transfers have become a key source of money laundering risk in the crypto ecosystem, especially when users trade directly through unmanaged wallets, ma...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com