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Chamath Palihapitiya, founder and CEO of Social Capital, highlights two issues currently facing the crypto sector, and bitcoin supporters in particular.
He observes that marginal liquidity is preferring speculation in prediction markets and equity markets, rather than flowing into crypto. Additionally, the marginal energy used to mine BTC could generate 10 to 20 times greater value if redirected toward serving AI tokens, suggesting a fundamental change in market dynamics.
Palihapitiya previously said that investing $5,000 per year could potentially grow to $13 million by age 55, stressing the value of long-term discipline in financial planning. He also took part as a notable investor in 8090’s $135 million Series A funding round, led by Salesforce Ventures. These recent statements continue his engagement with emerging sectors, from startups to digital assets.