Billionaire venture capitalist Chamath Palihapitiya argued on Sunday that bitcoin bulls face a two-front squeeze, with speculative money migrating to prediction and equity markets while the energy that powers mining is worth more redirected to artificial intelligence (AI). A Two-Front Squeeze The Social Capital founders argument, highlighted in a post on X, states that the []
Chamath Palihapitiya Sees 2 Problems Facing Bitcoin Bulls: Heres His Argument
Bitcoin.com - 20 Jul 2026 09:30
Billionaire venture capitalist Chamath Palihapitiya argued on Sunday that bitcoin bulls face a two-front squeeze, with speculative money migrating to prediction and equity markets while the energy that powers mining is worth more redirected to artificial intelligence (AI). A Two-Front Squeeze The Social Capital founders argument, highlighted in a post on X, states that the []
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