Chamath Palihapitiya questions bitcoin’s role as central bank reserve asset

Billionaire Venture capitalist points to privacy and fungibility concerns, while debate grows over corporate bitcoin strategies such as Strategy’s massive holdings. What to know : Chamath Palihapitiya argues bitcoin lacks the privacy and fungibility required for central banks to hold it as a structural reserve asset, suggesting gold still better satisfies those criteria. On a separate podcast discussion, Erik Voorhees defended Strategy’s approach of accumulating bitcoin, while investor Jason Calacanis raised concerns about complex financial metrics and transparency.