Virgin Galactic CEO: Everyone Should Have 1% of their Assets in Bitcoin

Cointelegraph | Feb 27, 2020 at 6:09 AM
  • Chamath Palihapitiya, the billionaire chairman of spaceflight company Virgin Galactic, has recommended that everyone hold Bitcoin (BTC) as a form of crisis insurance.
  • The ‘Bitcoin is a safe haven’ narrative has certainly taken a battering this week with BTC tumbling up to 13% in 36 hours in tandem with the stock markets due to fears over the impact of the coronavirus.
  • Palihapitiya is a longtime Bitcoin supporter and his company, Virgin Galactic, began accepting Bitcoin for its $250,000 spaceflights during November 2013, becoming one of most high-profile companies to accept BTC at the time.