{"id":39037,"date":"2025-07-28T05:01:33","date_gmt":"2025-07-28T05:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39037"},"modified":"2025-07-28T05:01:33","modified_gmt":"2025-07-28T05:01:33","slug":"bitcoin-has-shot-up-a-whopping-92525-since-chamath-palihapitiya-called-it-schmuck-insurance","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39037","title":{"rendered":"Bitcoin Has Shot Up A Whopping 92525% Since Chamath Palihapitiya Called It &#8216;Schmuck Insurance&#8217;"},"content":{"rendered":"<div>\n<p>Venture capitalist and \u2018SPAC King\u2019 <strong>Chamath Palihapitiya<\/strong> is taking a victory lap after <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) hit a new all-time high earlier in July, with a few corrections. In a new X post, the Social Capital founder said, &#8220;13 years ago,&#8221; he urged everyone to put 1% of their net worth into Bitcoin, recalling a price &#8220;around $80.&#8221;<\/p>\n<p><strong>What Happened:<\/strong> That call traces to his Bloomberg op\u2011ed <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2013-05-30\/bitcoin-the-perfect-schmuck-insurance\">titled<\/a> \u2018Why I Invested In Bitcoin\u2019, published May 30, 2013, not 13 years ago, where he argued it was &#8220;entirely rational&#8221; to allocate 1% and branded Bitcoin &#8220;schmuck insurance.&#8221;<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">13 years ago, around when this video was taken, I wrote an Op-Ed in Bloomberg advocating every person in the world putting 1% of their then net &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46652325\/bitcoin-has-shot-up-a-whopping-92525-since-chamath-palihapitiya-called-it-schmuck-insurance\" alt=\"Bitcoin\" has shot up a whopping since chamath palihapitiya called it insurance>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Venture capitalist and \u2018SPAC King\u2019 Chamath Palihapitiya is taking a victory lap after Bitcoin (CRYPTO: BTC) hit a new all-time high earlier in July, with a few corrections. In a new X post, the Social Capital founder said, &#8220;13 years ago,&#8221; he urged everyone to put 1% of their net worth into Bitcoin, recalling a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39037","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39037"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39037\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}