The well-known argument, claiming that Bitcoin is or will someday be better and more utilized than Gold, has received strong support from the CEO of Social Capital Chamath Palihapitiya. While Speaking to Delivering Alpha, the CEO asserted that BTC has already replaced the precious metal, and its market cap will soon readjust to show it. Previously, he had praised Cryptocurrency and its merits and urged investors to allocate at least 1% of their portfolios to it.