If You Invested $1,000 In Bitcoin When Chamath Palihapitiya Had His ‘Best Call Of All Time,’ Here’s How Much You’d Have Now
Venture Capitalist Chamath Palihapitiya has realized many strong returns from investments over the years including Facebook, Slack, the NBA’s Golden State Warriors and many SPAC mergers.
Palihapitiya recently highlighted what he calls his “absolute best call of all time,” a tweet about Bitcoin (CRYTPO:BTC).
What Happened: Along with being an early investor in many emerging trends, Palihapitiya was an early supporter of Bitcoin, as Benzinga previously shared.
The venture capitalist said he bought $1 million in Bitcoin in 2012 after a recommendation from a friend. He said he would later add to that investment after learning more about the cryptocurrency.
A study of cryptocurrency and realizing its potential long-term benefits led Palihapitiya to write an op-ed in Bloomberg on May 30, 2013.
The original piece from Palihapitiya shared many catalysts for Bitcoin and laid out the investment thesis.
“The opportunity here is to think constructively about a world in which money flows are more transparent (Bitcoin), easy (Bitcoin), cheap (Bitcoin) and secure (Bitcoin).”
Palihapitiya cited the 2008 …
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