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Sunday, December 5, 2021

Bitcoin Billionaire Chamath Palihapitiya “It’s Probably Going to 200K”

$40,00! Um where’s it going I mean can you play the clip in 2012 and13 when it was at $200 and everybody was laughing at me on CNBC every time I would talk about Bitcoin where is it going it’s probably going to 100 then 150 then 200 000.

In what period I don’t know five years 10 years but it’s going there and the reason is that every time you see all of this stuff happening it just reminds you that wow our leaders are not trustworthy and reliable as they used to be and so just in case we really do need to have some kind of you know the insurance we can keep under our pillow that gives us some access to an uncorrelated hedge and it’s going to eventually transition to something much more important

But for right now you’re just getting all these data points that prove this thing it’s just the fabric of society is frayed and until we figure out how to make it better it’s time to just have a little uh schmuck insurance on the side and everybody’s running in it’s just an incredible thing I could never have imagined it good to be a schmuck I guess if you got in early and it goes to where you think it’s going to go.

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