Chamath Palihapitiya: Why Bitcoin Will Be 'the Category Winner' - Ep.178
Chamath Palihapitiya, the CEO of Social Capital and chairman of Virgin Galactic, talks about a wide range of issues, including Bitcoin, COVID, civil unrest, and broad economic trends and forecasts. We discuss: Whether his economic forecasts have...
Audio is streamed directly from the publisher (pdrl.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Chamath Palihapitiya, the CEO of Social Capital and chairman of Virgin Galactic, talks about a wide range of issues, including Bitcoin, COVID, civil unrest, and broad economic trends and forecasts. We discuss:
- Whether his economic forecasts have shifted throughout COVID
- Why he believes a debt crisis will occur
- How he views the success of BTC as a hedge against the ruling class
- How the economic pendulum will swing back toward consumers
- Why he doesn't mind if big corporations and hedge funds get wiped out
- Whether he subscribes to the thesis that Bitcoin is uncorrelated
- Why the pandemic has not spurred institutional adoption of crypto
- Why he sees no merit in Ethereum
- How the economy will become more decentralized in the future and whether blockchain will be a part of it
- Why he prefers SPACs over ICOs
- Why he started capital as a service
- Why he believes the government should bust up large corporations
Unchained is hiring!
I'm looking for a remote editorial assistant. If you love crypto and have journalism experience, get in touch! https://unchainedpodcast.com/seeking-remote-editorial-assistant/
Thank you to our sponsors!
Crypto.com: https://crypto.com
Stellar: https://www.stellar.org
Kelman Law: https://www.kelman.law
Episode links:
Chamath Palihapitiya: https://twitter.com/chamath
Social Capital: https://www.socialcapital.com/
Turmoil at Social Capital: https://www.theinformation.com/articles/social-capital-founder-gives-his-account-of-turmoil-at-firm
https://observer.com/2018/09/chamath-palihapitiya-social-capital-turmoil/
https://medium.com/@chamath/the-reports-of-our-death-have-been-greatly-exaggerated-11bcc80ee4ab
2019 interview with Kara Swisher: https://www.vox.com/podcasts/2019/3/4/18247010/chamath-palihapitiya-social-capital-happiness-identity-crisis-kara-swisher-teddy-schleifer-podcast
Chamath on Recode Decode in 2020: https://podcastnotes.org/recode-decode/chamath-palihapitiya-kara-swisher-investing/
Fed buying up to $250 billion in individual corporate bonds: https://markets.businessinsider.com/news/stocks/federal-reserve-begins-individual-corporate-bond-purchases-secondary-market-relief-2020-6-1029309910
CNBC interview where he says Bitcoin is an uncorrelated hedge: https://www.youtube.com/watch?v=-2gDmcU8bDw
China’s blockchain efforts: https://www.coindesk.com/from-banking-giants-to-tech-darlings-china-reveals-over-500-enterprise-blockchain-projects
Capital as a service:
https://caas.socialcapital.com
2019 investor letter: https://www.socialcapital.com/annual-letters/2019
At Stanford GSB: https://www.youtube.com/watch?v=PMotykw0SIk
Learn more about your ad choices. Visit megaphone.fm/adchoices