Venture capitalist Chamath Palihapitiya, a self-proclaimed "disciple" of billionaire Warren Buffett, says bitcoin is the best financial hedge against an uncertain world economy. And unlike his anti-crypto mentor Buffett, Palihapitiya thinks you should buy some bitcoin to protect yourself. “It’s the single best hedge against the traditional financial infrastructure,” Palihapitiya told CNBC...
Tech investor Chamath Palihapitiya considers himself a “disciple” of Warren Buffett, but even he does not think the investing icon is a reliable source on the subject of bitcoin. Palihapitiya, who served in various management roles during a four-year tenure at Facebook, told CNBC that technology is outside of Buffett’s “circle of competence,” so he is not inclined to put much stock in his...
Venture capitalist and Facebook millionaire Chamath Palihapitiya is a well-known bitcoin investor, who’s previously publicly announced his belief in the cryptocurrency. The venture capitalist, who was an early member of the Facebook team and owns the Golden State Warriors, told Bloomberg, as early as 2013, that he was investing in bitcoin because of the promise of the technology. In late 2013, as...
A venture capitalist and Facebook Millionaire is invested in Bitcoin, calls it the ‘Ultimate insurance policy against value destruction.’ Chamath Palihapitiya, an early member of the Facebook team, has publicly reaffirmed his belief in Bitcoin. The venture capitalist, who also owns the Golden State Warriors, is known for investing in Bitcoin, telling Bloomberg as early as 2013 that he’s investing...
Whenever a bit of bad news hits the Bitcoin community, there's always at least one individual who pops up and claims that "this is actually good news." In the case of the IRS ruling on Bitcoin, that lone individual is Chamath Palihapitiya. Chamath is a well-respected former Facebook executive who doesn't hold back his excitement when it comes to the possibilities created by Bitcoin. When you...