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:\n Whether his economic forecasts have shifted throughout COVID\n Why he believes a debt crisis will occur\n How he views the success of BTC as a hedge against the ruling class\n How the economic pendulum will swing back toward consumers\n Why he doesn't mind if big corporations and hedge funds get wiped out\n Whether he subscribes to the thesis that Bitcoin is uncorrelated\xa0\n Why the pandemic has not spurred institutional adoption of crypto\n Why he sees no merit in Ethereum\n How the economy will become more decentralized in the future and whether blockchain will be a part of it\xa0\n Why he prefers SPACs over ICOs\n Why he started capital as a service\xa0\n Why he believes the government should bust up large corporations\n Unchained is hiring!\n 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/\n Thank you to our sponsors!\xa0\n Crypto.com: https://crypto.com\n Stellar: https://www.stellar.org\xa0\n Kelman Law: https://www.kelman.law\xa0\n Episode links:\xa0\n Chamath Palihapitiya: https://twitter.com/chamath\n Social Capital: https://www.socialcapital.com/\n Turmoil at Social Capital: https://www.theinformation.com/articles/social-capital-founder-gives-his-account-of-turmoil-at-firm\n https://observer.com/2018/09/chamath-palihapitiya-social-capital-turmoil/\n https://medium.com/@chamath/the-reports-of-our-death-have-been-greatly-exaggerated-11bcc80ee4ab\n 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\n Chamath on Recode Decode in 2020: https://podcastnotes.org/recode-decode/chamath-palihapitiya-kara-swisher-investing/\n 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\n CNBC interview where he says Bitcoin is an uncorrelated hedge: https://www.youtube.com/watch?v=-2gDmcU8bDw\xa0\n https://www.cnbc.com/video/2017/12/12/social-capitals-palihapitiya-bitcoin-is-going-to-1-million-in-the-next-20-years.html\n SPAC: https://www.wsj.com/articles/the-modern-ipo-is-useless-lets-reinvent-it-1506361770?mod=searchresults&page=2&pos=13\n China\u2019s blockchain efforts: https://www.coindesk.com/from-banking-giants-to-tech-darlings-china-reveals-over-500-enterprise-blockchain-projects\n Capital as a service:\xa0\n https://caas.socialcapital.com\xa0\n https://medium.com/social-capital/from-experiment-to-product-capital-as-a-service-one-year-later-6d8b4b9c038b\n 2019 investor letter: https://www.socialcapital.com/annual-letters/2019\n At Stanford GSB: https://www.youtube.com/watch?v=PMotykw0SIk\nLearn more about your ad choices. Visit megaphone.fm/adchoices