Chamath Palihapitiya backs $150T equity tokenization push while questioning Bitcoin as reserve asset

On March 5, 2026, Chamath Palihapitiya outlined a bullish stance on the tokenization of an estimated $150 trillion global equity market, highlighting infrastructure work by NYSE, Nasdaq, and DTCC. At the World Government Summit, he argued Bitcoin is ill‑suited as a reserve asset for states compared with gold, while analysts noted BTC trading near $70,000 may reflect only a relief rally. Palihapitiya also said he funded college accounts for the two daughters of an anonymous investor who claimed losses in the 2022 SPAC crash tied to his deals.