Billionaire Chamath Palihapitya Says Bitcoin’s Explosive Rise Will Pale In Comparison to New Investments – The Daily Hodl
Billionaire venture capitalist and early Bitcoin (BTC) investor Chamath Palihapitya says he believes a number of emerging trends are offering the greatest opportunity of his investing career.
In a fireside chat at Wharton School, the Social Capital CEO says he will be spending all of his time over the next two decades working on key global issues.
“That’s where I’m going to direct this firehose. These energy-generation problems, these compute problems, these life sciences problems. There are probably no bigger things to work on.”
Social Capital, Palihapitya’s Menlo Park-based investment firm, has made a number of investments in companies that work in the life sciences, clean energy and tech industries including:
- Syapse – a firm that seeks to advance real-world care
- Proterra – a company that aims to develop buses powered by electric batteries
- Groq – a firm that seeks to accelerate workloads in artificial intelligence.
According to Palihapitiya, addressing these problems could generate trillions of dollars of wealth distributed across investors. He highlights that those who understand the trends would be “unbelievably prosperous and rich.”
He also says that these issues could present a bigger opportunity than his Bitcoin accumulation more than a decade ago when BTC was trading at around $100.
“That is what my spidey senses tell me is the greatest opportunity of my investing career, and I have never felt this way before. I didn’t even feel this way about Bitcoin. I was the guy that owned 5% of these things in 2011. My dollar-cost average was like $90 or $100 even when I knew that that was going to win. I’m telling you that that is going to pale in comparison to this.”
At time of writing, Bitcoin is trading for $23,577, a staggering 23,477% increase from its price in 2011.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
 
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