Worth listening to: http://youtu.be/59uTUpO8Dzw?t=19m14s (starts at 19m14s)
Quote from: Chamath Palihapitiya
I personally own Bitcoin in my hedge fund, I own Bitcoin in my fund, I own Bitcoin in my private account. It is a huge deal. It’s a huge, huge, huge deal. Because what you’re talking about right now is, for the next three to five years, an unbelievably better stored value. It is gold 2.0. Right? The value of gold that hedges the world economy, about $9 trillion, right? Thirteen hundred an ounce, of which only a hundred to a hundred and fifty dollars is the actual production value. So all the rest is imputed….
Well, guess what? I can do the same thing with Bitcoin only I can do it outside the purview of every single government. It’s being used everywhere you would think it would be used. Russia, Iran, Iraq, Egypt, Venezuela, Argenina. Everywhere you have currency pressure. Everywhere you want to basically shield your assets. And then, after that, it will probably become a payment mechanism.
Well, guess what? I can do the same thing with Bitcoin only I can do it outside the purview of every single government. It’s being used everywhere you would think it would be used. Russia, Iran, Iraq, Egypt, Venezuela, Argenina. Everywhere you have currency pressure. Everywhere you want to basically shield your assets. And then, after that, it will probably become a payment mechanism.
Quote from: Crunchbase
Chamath Palihapitiya is the Founder and Managing Partner of The Social+Capital Partnership (Social Capital) – a venture capital fund based in Palo Alto, CA that incubates and invests in breakthrough companies in healthcare, education, financial services, mobile and enterprise software.
Preceding his focus as an investor, Chamath was the longest tenured member of Facebook’s senior executive team and helped drive its ascension to one of the most important companies in the world.
Prior to Facebook, Chamath had leading roles at The Mayfield Fund, AIM and ICQ, and Winamp. In addition to his focus at the fund, Chamath is Owner and Director of the NBA’s Golden State Warriors.
http://www.crunchbase.com/person/chamath-palihapitiya
Preceding his focus as an investor, Chamath was the longest tenured member of Facebook’s senior executive team and helped drive its ascension to one of the most important companies in the world.
Prior to Facebook, Chamath had leading roles at The Mayfield Fund, AIM and ICQ, and Winamp. In addition to his focus at the fund, Chamath is Owner and Director of the NBA’s Golden State Warriors.
http://www.crunchbase.com/person/chamath-palihapitiya
Check out this guy's portfolio. That fund he's talking about...