Bitcoin

Chamat Palihapitiya: “I am increasing the supply of bitcoins”

Billionaire and founder of Social Capital, Chamath Palihapitiya, said that he continues to buy the first cryptocurrency and increase his BTC holdings.

Palihapitiya stated that Bitcoin is perfect to illustrate a “winner asset” that has grown by huge percentages. He stressed that nothing beats the profitability of bitcoin, in which he invested back in 2013:

“Take the time to understand what you own. If you are sure you can go for broke. This should never happen, but if you are really confident, then you will increase your investment, and future interest will not need words. Great investors always focus on high interest rates. It is better to own a large portion of a winner’s asset than an immaterial portion of many assets. “

For 2018, cryptocurrency investments were one of the priorities of Social Capital, but it is not known how much and what cryptocurrencies the company currently owns.

In June, Palihapitiya predicted that in the event of a major economic or political crisis, the rate of the first cryptocurrency would soar several times and called Bitcoin “insurance” against disaster.

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