Chamath Palihapitiya about to Acquire Hamptons?

  • Chamath Palihapitiya proclaims to acquire Hamptons once BTC price rises to $150,000
  • The Billionaire visions to transform Hamptons for working-class families and kids
  • Property rates in Hamptons increase by 46% breaching all the old records

Chamath Palihapitiya declares to acquire The Hamptons after Bitcoin (BTC) price reaches the $150,000 mark. 

The American-Canadian venture capitalist is about to fabricate his plans when BTC crosses $150,000 mark. Palihapitiya is about to acquire the Hamptons, a holiday destination for the wealthy New Yorkers. The purpose of developing such a goal will tend for a prominent good. 

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Chamath Palihapitiya recently made the news crystal clear via a tweet. 

Palihapitiya is about to give ‘A Blue Sky’ to kids and working-class families by providing them camps and housing at lower rates. He is about to transform the Hamptons into an entirely new county. Hamptons is a cluster of beaches, villages and towns. 

Palihapitiya also revealed his next plan when BTC reaches $400,000. ‘Mars.’

Chamath Palihapitiya is one of the Largest Bitcoin Holders

Palihapitiya is the patron and CEO of Social Capital. Also serves as a chairman for Virgin Galactic board. He purchased 1 Million BTC in 2010 at $80, which tends to $29 Billion at current BTC price of $29,822. 

Palihapitiya and some of his friends owned 5% of the entire float of Bitcoin, according to CNBC in 2017. Whilst the 2017 BTC rally, the billionaire predicted the prices of BTC would reach a six-digit figure in less than a decade and seven-digit figure in two decades.  

In 2014, Palihapitiya, the former vice president of Facebook had at least 100,000 BTC ($2.8 billion at publishing time).

According to his price predictions, BTC is required to rise by 400%.  

The Value of Houses in Hamptons breach records

The average rate of buying a house in Hamptons is 46% higher than the last valuations. The Corcoran Group published a study stating a record for all the past sold properties; the calculated prices surged over $1.2 Billion. Such a condition may make it difficult for Palihapitiya to purchase entire Hamptons even with BTC running to such mad figures. 

Do you think Palihapitiya can purchase the entire Hamptons?

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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