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Chamath Palihapitiya Raving About Bitcoin

Sofia Cabrera

Summary: Years after investing in bitcoin, Chamath Palihapitiya, a Silicon Valley venture capitalist, is still raving about the cryptocurrency. In an interview Palihapitiya claimed that “It’s the single best hedge against the traditional financial infrastructure. Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under ...

Years after investing in bitcoin, Chamath Palihapitiya, a Silicon Valley venture capitalist, is still raving about the cryptocurrency. In an interview Palihapitiya claimed that “It’s the single best hedge against the traditional financial infrastructure. Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under your mattress.” He then added an encouraging message to the public, “Just buy the coins. It’s a fantastic instrument.”

Author: Sofia Cabrera

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