Chamath Palihapitiya predicts Bitcoin will go to zero as Standard Chartered expands crypto business
- —Palihapitiya said Bitcoin will eventually be hacked
- —He questioned the network's ability to coordinate security upgrades
- —Standard Chartered agreed to acquire Zodia Custody
Why it matters: The comments from a prominent investor fuel debate over Bitcoin's security, while the bank deal signals growing institutional demand for crypto custody.
Source: CCN — Crypto News
More on this
Exchanges · Oct 19Standard Chartered lets UAE clients buy Bitcoin and Ethereum via bank accounts
Exchanges · Oct 14Standard Chartered launches first-of-its-kind crypto trading for affluent clients in UAE
Exchanges · Sep 21Standard Chartered's SC Ventures takes stake in market maker GSR as crypto market-making consolidates