Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Two Main Problems for Bitcoin Named by Billionaire Chamath Palihapitiya - U.Today
Venture capitalist and early Bitcoin investor Chamath Palihapitiya has identified the two main challenges that Bitcoin and the broader crypto market are facing right now
First, he argued that "marginal liquidity" is flowing into prediction markets and equities rather than cryptocurrencies
Second, he claimed that the energy used for Bitcoin mining could generate "10–20x" more value if redirected toward powering AI infrastructure and tokens.
HOT Stories
Shiba Inu (SHIB), Solana (SOL), Hyperliquid (HYPE) and XRP Price Analysis for July 20: Fresh Week Without Fresh Liquidity
Ethereum Developer Consensys Denies User Data Was Compromised
"These changes feel structural, but I could be wrong," he wrote.
It is worth noting that Palihapitiya has long been one of Silicon Valley's most prominent Bitcoin supporters. The billionaire began buying Bitcoin around 2012. Back then, the cryptocurrency was changing hands at roughly $80 per coin
Pushback from crypto community
His latest comments sparked a heated debate across the crypto community with hundreds of comments on X
Coinbase CEO Brian Armstrong called the observations "interesting" but argued the first issue is likely temporary. AI's growing demand for computing resources could prove more durable, but Bitcoin's security model is designed to adapt with mining difficulty adjustments
Investor Fred Krueger has argued that speculative capital naturally rotates throughout market cycles
Bitwise strategist Jeff Park dismissed the post altogether, noting that Palihapitiya was "about nine months late" in recognizing the trend. The market has already priced in AI's competition for capital and infrastructure.
Macro analyst André Dragosch questioned whether the AI boom itself could prove temporary, asking what would happen if the sector experienced a significant correction. If enthusiasm for AI fades, he argued, concerns about capital and energy moving away from Bitcoin could quickly become irrelevant.