A company that is changing the way the world mines bitcoin

The Daily Hodl 2025-01-07 10:15:03

Billionaire Chamath Palihapitiya Says Stablecoins Will Be the Biggest Business Winner of 2025 – Here’s Why

Billionaire venture capitalist Chamath Palihapitiya thinks dollar-denominated stablecoins will be this year’s biggest business winners. Palihapitiya says in a new episode of the All-In Podcast that stablecoins largely become uncoupled from the volatility of the crypto sector in 2024. The venture capitalist also notes that businesses began using stablecoins for “wholesale, useful functions.” “Stablecoin usage at the end of the second quarter of 2024 was about 1.1 billion transactions that summed to $8.5 trillion of transaction volume. If you compare that to Visa over the same period, it was more than double Visa’s transaction volume. So I think what we have now is something that has fundamentally crossed a point of no return. Similar to how last year I thought that the big trend was going to be Bitcoin in 2024, I would say that the big trend in 2025 is stablecoin usage. I think that we’re finally going to attack the duopoly of Visa and Mastercard.” Source: All-In Podcast/YouTube Palihapitiya predicts that stablecoins will demonstrate numerous new use cases this year. He also thinks President-elect Donald Trump will “go after” credit card companies for high costs. The Silicon Valley venture capitalist predicts that the stablecoin sector could “quadruple or quintuple” by the end of the year. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Chamath Palihapitiya Says Stablecoins Will Be the Biggest Business Winner of 2025 – Here’s Why appeared first on The Daily Hodl .