Chamath Palihapitiya: I Am A Buffett 'Disciple' But He's Wrong About Bitcoin | CNBC

[@Continuum2077]

Why have this man on the show if you're just going to cut him off every time he speaks.

[@TrendzSA]

That's how cnbc rolls, by creating a culture of rudeness..

[@hankdaniels7384]

Because he speaks truth to liars.

[@benjaminr4316]

i know right, he still handled himself well

[@self-lovingloser1108]

I've seen many times and I still get agitated about it

[@jamesmartinez1633]

Everyone to their Twitthead account to let them know how treat a guest on their show.

[@TheFourFats]

A boy asked his bitcoin-investing dad for 1 bitcoin for his birthday. Dad: What? $15,554??? $14,354 is a lot of money! What do you need $16,782 for anyway?

[@labrola]

Comment so underrated lol.

[@huymynguyen67]

😂 lmao best one

[@gregorycarmichael]

😂😂😂😂

[@cryptohair]

Nice

[@sage5222]

To cover up for brokers spread

[@abhiarora92]

They cut him off twice. Why call a guest if the host's gonna blabber the whole time?

[@goldenmemes51]

Leh brohn jaemes

[@Needlestitch]

Journalists will in any way, shape or form try to make sure that what their "guests" are posing is actually what they're posing. Cutting off an interviewed person ain't necessarily a bad of itself. However, to me they felt like hunters that failed at "proving" Bitcoin a worthless thing.

[@spletti]

Have seen the interviewer a few times lately, hes unbel. annoying and I really rarely comment on such

[@Sumodf]

They always do it to him, the younger guy specially. Probably cant stand not getting into bitcoin when guys like Chamath went in on it, mid early /mid 2000's

[@grildcheez1504]

Irony is the guy who cut him off a year ago is now a self proclaimed btc convert.

[@Atombender]

Anyone else here after Bitcoin hit $33k?

[@newyorkcity5851]

Me

[@turkyturky6274]

Air is going to zero

[@nickheger1650]

Make that 36k

[@nikkiva7]

🥳

[@dotunpalladium4359]

A real visionary-Chimath look at BTC now💥

[@clintjosephshaji3618]

Chamath is saying to treat Bitcoin as an insurance. He has less than 1% of his portfolio in it. He is not advocating to invest your life savings into it.

[@2up2care38]

Truth. It surprisingly rare to see people view it as an "insurance". Many of BTC bulls view it as the end all and thats all they invest in, no stocks, no etfs, no bonds, just BTC.

[@thatcanadian4460]

@@2up2care38 I mean if they had everything in it and suddenly it's 40k.... were they wrong?

[@Thetruthisnoteasy]

How is 1 percent of your portfolio an insurance to the portfolio. What’s the actual mathematics

[@thatcanadian4460]

@@Thetruthisnoteasy he's worth a billion dollars that's 10million dollars he could use to rebuild

[@Thetruthisnoteasy]

@@thatcanadian4460 so he will lose 990 million and keep 10. Smart thinking! Can I write this down somewhere

[@juz0716]

Jesus Christ, let him talk. If you dont know, listen and learn. Terrible host CNBC.

[@conors4430]

They probably can’t take the chance that people will hear him, listen to him and believe him. So they need to cut in as much as possible. We can’t have it being a space for different ideas now can we

[@josealarcons]

Indeed!

[@bakesabundant2028]

Watch this video again in 2022.

[@danielclark817]

Bakes Abundant will do

[@nagalon7255]

I will be a millionaire in 2022.

[@jorgemanriquez9123]

Bakes, Absolutely right!

[@omniversosindios7953]

RemindMe! 4 years from now

[@adriansegura7558]

Youll be a millionair on illusion wealth that wont be worth anyhing 😂😂

[@Serenity17]

LET THE MAN SPEAK

[@armankashani-nejad7169]

what happened to r6 :(

[@ps2beck]

I remember we had a fun game of r6 together a long while back and you were going to make a video but don't think you ever got around to it. Would love to see it if you ever do! My r6 name is ps2beck. To the moon.

[@thellewelynmoss]

These clowns never let any guest speak. infuriating

[@Atombender]

This guy is now my favourite billionaire guest.

[@michaelking4578]

Mine too.

[@darith770]

@@soulsbourne Yet you love animals, but eat them

[@MrDileepkoppu]

How much does he hold right now? Just curious

[@you393]

I would suggest to look into what he did, he fired everybody in his firm when he realized hia inveaent strategies was going to change. He keep recommending things in which he owns stake. He is a good speaker so thats why you feel charmed

[@wolfschmidt2664]

@@viveknaskar so far

[@mohsinabbas4507]

Seriously CNBC ? Y can't u just train ur hosts in basic mannerism like not to interrupt when someone is speaking.

[@BryanAgni]

He handled it like a pro.

[@soulmate805]

They keep cutting him off cause they too dumb to understand his points

[@adriansegura7558]

soulmate : for me if bitcoin was backed by something i would buy into it . but if bitcoin fails then you have no guarantee . its the worst investment ever

[@soulmate805]

Adrian Segura : Totally understand your view. I got into Bitcoin in 2016 cause I was impressed with the Blockchain technology.(unhackable because of decentralization). It also allows you to send money just like texting. Any amount anywhere at a touch of a button w/o approvable from a bank or government. To me this is revolutionary.

[@adriansegura7558]

soulmate : blockchain can be copied . and those transaction will be consider illegal in the future . by 2020 . and it takes massive use of enegry .

[@adriansegura7558]

soulmate : and youll get taxed everytime you do a transaction in butcoin . hardly anyone takes bitcoin anyways . china banned it . and china is the biggest producer .

[@votuzi3272]

@@adriansegura7558 noob

[@adamprince5547]

goddam they interrupt him every single time

[@Cryptkeeper0311]

Because he has that nasty thing coming from his mouth that they do not like. Truth.

[@alltheway24]

Who else is back here after Bitcoin hit an all time high

[@sanjayvallabh]

F**k that! Where did he get that jacket!?

[@Astrotase]

It's 33 k now

[@sammatthew2841]

@@Astrotase 47k again🤪🤪

[@travismoonstar8909]

@@Astrotase FUD 🤣

[@WinnerSingh]

Every time someone try to explain about Bitcoin they always explain in difficult way, and always try to pretend that bitcoins are future, but truth is it is useless.

[@Pseudonemonics]

Gates dismissed the Internet entirely and said in 1994: “I see little commercial potential for the internet for the next 10 years”. So yeah, Gates was wrong on Internet, mega wrong on Bitcoin.

[@crispinsday]

he's also worth billions of dollars because he was right about PCs. try not to make your idiotic argument against their positions again and actually deal with the content of their opinions

[@Pseudonemonics]

Stefan Larsen just because Gates made billions from archaic PC architecture in the 80s and 90s absolutely doesn’t make him correct about cryptocurrency. That is utterly idiotic, shortsighted and ignorant. An entire generation that likely outnumbers yours and will soon run the world have already decided, but you clearly have no idea, hopefully one day you will realize.

[@crispinsday]

That's the point, I was satirizing your argument. Just because he's been wrong before doesn't make him wrong now. and i'm not even in my twenties.

[@Pseudonemonics]

Stefan Larsen That’s fine, but I hope you also see the satire in a bunch of geriatrics rather rudely dismissing a nascent transformative technology they know very little about. Gates cared little to learn about the Internet in the 90s, hence he dismissed it to Microsoft’s detriment (see: Google). It’s a pattern that repeats ad infinitum. History would suggest these wise but ignorant to bitcoin individuals are no different.

[@crispinsday]

History would suggest that it's possible that they will be wrong about bitcoin, or that they will be right to avoid bitcoin as they did MBSs and stocks like Cisco in the 2000s. So basically, what opportunities these men did or did not take, to their benefit or to their detriment, is totally irrelevant in anticipating Bitcoin's success or failure. What is relevant are the facts about Bitcoin, and the facts about the history of securitised assets and market mania, which make a compelling case against bitcoin.

[@FAROOQ95123]

Buffett : It's a Rat Poison Crypto community : Yes, its for the rats in wall street.

[@LifeSizeBox]

Doge well said

[@darrylstrawberry9830]

Now send him some doge coin 😂

[@wueric28]

You nail it!

[@robertaniol7401]

Buffet and Munger are still both Gs in the game. This stuff is just out of their circle of competence. Ether all day baby

[@infinitesingularity3835]

Much praise o doge one!

[@cryptojayuk]

Never ask old people about technology.

[@omniversosindios7953]

You got it, dude

[@DaddysFastestSwimmer]

EVER

[@konradszczesiuk3345]

God damn. You are right.

[@student1062]

One of that "old people" co created Microsoft.

[@MoreChannelNoise]

As an old person myself I agree 100% lol

[@sjmusicgroup]

And 2 years later bitcoin kept on growing past 30k 😂

[@sage5222]

Did u mean 40 k , 4 days later 😂?

[@metallifreak100]

Bitcoin could go to $100k. Who knows. The problem with Bitcoin is that it doesn’t have any store of value. You can’t use it for anything, you can’t even physically hold it. It’s based solely on speculation. It’s not backed by anything. It’s a decent thing to gamble on with good odds that you’ll make money on it. But I wouldn’t hold it long-term. Obviously, if you could go back in time, you buy it like crazy, as would I. But no one can predict exactly where the ceiling is. And there is a risk of significant collapse with it. I think it’ll eventually hit $75k at least, but I think it’s possible in 2 years or whatever that it’s under $10k. But hey, I’m just some guy on KZbin.

[@codedirtytome7178]

@@metallifreak100 I'm neither a proponent or opponent to crypto currencies. I agree that it's very difficult to purchase anything with it because very few businesses accept it, for now. Even if they did, it would be pretty dumb to use it for grocery shopping. If 1 bitcoin can get you 1 gallon of milk today, but potentially 2 gallons tomorrow, why not just buy your groceries with the USD that is much more stable? It's the same reason no one buys groceries with gold. In a weird way, I don't agree about not being able to hold it. It can be stored on a physical wallet. And even though cash can be held, at the end of the day it's just a piece of paper that only has value because we all believe it does. Hell, even the USD isn't backed by anything either. In that sense, it is very similar to crypto currency. Also, most people don't carry their entire life savings around with them in their wallet or keep it in their own safe at home. They keep it in a bank which allows purchases through a debit card. Purchases made with a debit card update a ledger of digital transactions that will eventually be resolved by the bank. Sounds almost like a blockchain, doesn't it? Slower, for sure, but the same affect. It seems like there's more similarities than there are differences. I also agree that what we're seeing now is temporary. Although I don't think we'll see 75k any time soon. The last spike in 2017 took approximately 140 days before it turned down. We're right around 140 days into this current spike. It then took almost a year exactly before it leveled off around $3.5k. But hey, I'm also just some guy on KZbin.

[@123machet]

@@codedirtytome7178 Good points but we are almost at ATH. I think the catalyst will be companies adding it to their balance sheet as an inflation hedge + some free marketing.

[@Johnboli7]

60k* ;)

[@neocitadel]

"Bitcoin is a scumball activity" - as if everyone involved in gold or USD is a saint.

[@MF-fg3lj]

Riddle me this, who mined the first bitcoin and how many did he get, and why was he the only one mining them?

[@billgreenidge6740]

For an otherwise smart man, that's a dumb-ass remark from Mr. Munger. Elon Musk is smarter than both of those geezers anyway. Follow the smart money? No, follow the smarter money.

[@1525boy]

At least gold is something that actually exists. At least it’s something that is tangible.

[@billgreenidge6740]

@@1525boy Are there really people who think Bitcoin doesn't actually "exist"?! Even at this point? Damn!!

[@1525boy]

@@billgreenidge6740 Yes, even at this point.

[@a-maxcoin7549]

Let him speak!

[@gmalebaby]

Chamath has a new “disciple.”

[@saltymonke3682]

Fools Disciple

[@aadiskywalker]

@@saltymonke3682 who's the fool now🤣

[@saltymonke3682]

@@aadiskywalker you

[@Prem-ux5sd]

@@saltymonke3682 what about now. You’re the fool. Look at Bitcoin

[@saltymonke3682]

@@Prem-ux5sd Pfffttt.... I'm not, I don't have to sell my investment to get money or profit.

[@kwakekamdivasi591]

Chamath is such a smart guy. I'm a Chamath 'disciple'!

[@jackiewatson5665]

Me 3!

[@Needlestitch]

Great to see people willing to follow up on at least 1% of their savings in bitcoin!

[@johnsanford3]

Just be sure you take your gains before he does

[@humbertorocha8911]

Chamath: So in 2018 or 19, heaven forbid we go through another cataclysmic financial event, we're going to see... 2020: Hold my beer...

[@pabliux142]

Humberto Rocha yup... funny how things turn out. When all things break down and the dust settles, we will see if BTC is strong enough to deliver. 1. Decentralization 2. Programmed diminishing inflation. 3. Invented as a ‘protest’ against the current financial system.

[@Albundy423]

@Cristo39 Because his words/thoughts were bad. Depending on the macroeconomic event, everything can be correlated with everything over a short timeframe. Since it was/is a liquidity-crisis, every single asset that can be sold fast is going to tank. We also saw this in gold. However, bitcoin has recovered way faster than most other assets that did tank except gold, the reason for this simply being that you see a real lack in supply for gold because refineries were shutting down hence a spike in price. In the greater picture, I think it is fair to state that bitcoin is less correlated with traditional markets than most other assets are. Of course, if you pick one single event over a 1-month time span, well you will find that everything correlates with everything at some point. In order to measure a correlation between assets one has to look at a full cycle of economic boom and downturn which is not fully available right now but as bitcoin is almost back to pre-crisis levels while e.g. stocks are still -20% around the board gives you a good idea how "correlated" they really are.

[@kronusx3484]

@Cristo39 You are correct, his hedge did not work for now, but I could see in a couple of years bitcoin becoming more traditional and gaining a lot more value compared to the regular currency. Why you may ask? Because the feds have been printing trillions right now and they keep doing so without breaking a sweat which means that they are essentially creation an inflation. The markets are also being manipulated.

[@williamjohn3391]

Investing in crypto now is very cool especially with the current rise in the market now

[@paroitymata5213]

Yes you are right

[@paroitymata5213]

Thanks for introducing me to Mrs Allen

[@markangel8353]

People are scared of investing because of the high rate of scam in the business

[@markangel8353]

Making them to remain poor out Of ignorance

[@enkhbatnaya6801]

There are scammers but there are real brokers waiting for investors out there

[@patereden1407]

I think bitcoin should be of the top coins. So far bitcoin has been doing well unlike other crypto currencies

[@johnowein4651]

Some people will be kicking themselves, in few years if they miss the opportunity to invest in crypto now

[@michealnoah4336]

Some people will be kicking themselves, in few years if they miss the opportunity to invest in crypto now

[@williamoliver6222]

@@michealnoah4336 But bitcoin today

[@paterlucas6443]

@@williamoliver6222 Exactly

[@herryeve960]

I’ve been involved in trading in recent times and ever since , I haven’t lacked most things

[@subsonicflighttraining]

Buffet and Munger would not touch Apple for years, now Apple is OK, rubbish when they slam Bitcoin...well said Chamath...

[@Brismo7]

Its because they are socialist. They just convinced apple to store the keys to Apple's iCloud in China. CHINA!!! If you think the Chinese Gov't won't have access to Every Single thing typed onto an Apple device then you are crazy. They will be able to steal tons of American Intellectual Property. And now Buffet puts $28 Billion into it?? Uh... some things are not adding up.

[@turbodog99]

huge fundamental difference... apple was kept from bankruptcy by microsoft. they had one foot in the grave and the other on a banana peel. finally, apple has grown into a market leader w/ a wide moat... a perfect buffet stock.

[@allazo5397]

A young Warren buffet WOULD GO ALL IN on bitcoin. A young Bill gates would build a blockchain company.

[@biggerbitcoin5126]

If you had a million dollars on Bitcoin at 0.07 cents today you would be richer than both these people combined.

[@pabliux142]

Al Lazo With your comment, you almost make me think whether we already have a Steve Jobs or we are missing one. Not necessarily the guy behind the technicals, but the one to humanize it and make it annoyingly obvious that this is the way to go. I can think of A. Antonopoulos, but i think he is a bit more in the techie side.

[@RajSingh-sj2bp]

You guys are entirely missing the point of what he was saying. He’s talking about putting a tiny amount of his portfolio into bitcoin as a hedge because it’s not correlated with other asset classes. He’s not saying it’s a good investment in its own right - nor is he saying anything about the value of blockchain or anything related. You guys just hear what you want to hear.

[@_R8x_]

No. Even a younger Buffet wouldn't invest in bitcoin. It's just not his preferred asset class. He likes companies because you can calculate their value. You can't do that with bitcoin or gold for that matter.

[@georgesamaras2922]

@@biggerbitcoin5126 Those ifs require timing the markets and non 'weak hands'. Im not saying it can't be done, but its tough. Tough to initiate a position and tough not to take a profit. Although search "Planet Money - Escheat Show - 967" a guy bought amazon early and hold it for 20 years only to find out that his broker account was liquidated because he didn't login for years.

[@add-mt5xc]

The reporters want to show how 'smart' they are instead of letting the guest speak

[@Finx436]

Blockchain will change the world no doubt

[@dylanphoon8206]

NO NO NO!!! Blockchain is just a tool for decentralisation. DECENTRALISATION will change the world; NOT blockchain! The main thing is *D E C E N T R A L I S A T I O N*. Sorry for ranting... I've just been so triggered for the past year of people using the "blockchain" buzzword. blockchain is literally just a sequentially hashed database that so happens to have very good properties for achieving Byzantine fault tolerance. The real power is in decentralisation though. NOT the "blockchain".

[@Phl3xable]

Blockchain is nothing but a spreadsheet.

[@pabliux142]

Dylan Phoon Well said. It is important to have this things clear as we move forward. It is understandably difficult, like any emerging tech, to discern the cornerstone with so much new lexicon and weird terms. Time and people that raise the voice will set this straigh

[@greghelton4668]

Bitcoin is tied to real currency. Until it becomes a currency on its own, meaning you can use it for purchase in a ubiquitous manner, it’s not “real”.

[@j.n.sloane]

@@dylanphoon8206 But isn't it a really powerful tool that enables decentralization? Could you decentralize as effectively, as safely without it?

[@matthewespinosa7682]

All the people against him in this interview trying to question him feel stupid asf now 😂😂😂😂

[@BradTrimas]

They don't. News reporters know and understand that the masses quickly forget their earlier positions. These guys are so wrong all the time and yet here we are watching them. They probably are trying to shake the tree get rid of the weak hands and buy Bitcoin after the show when it dumps from their ZERO knowledge of this asset class.

[@DrAAAli]

Chamath has 10000 bitcoins bought in 2010, some guys see things decade's out.

[@thao6112]

@@DrAAAli Or some guys just pump and dump. Staking a position decades out doesn’t mean you’re smart, maybe you bought into the Ponzi scheme and need more to take the baits so you can cash out.

[@KamoheloRamone]

@@thao6112 exactly!! People invest in bitcoin to make money. Regardless of how you look at it money is the end goal.

[@Mykoo]

@@KamoheloRamone I garantee you that not everyone buys bitcoin JUST to make money, obviously its true that the price will keep going up but people also believe that it can replace the traditional fiat methods.

[@HsenagNarawseramap]

4:19 “it’s unfair to not understand something and disparage it” 🔥

[@MF-fg3lj]

What exactly do you think those three don't understand about bitcoin that makes Chamath's allegation that they don't understand it true? Bitcoin is about tricking someone into doing something stupid with their money. Does Chamath understand it? If so, what does he understand that those three don't? He only offered conclusory reasoning and is long bitcoin. Use your brain.

[@billgreenidge6740]

@@MF-fg3lj Actually, Warren Buffett said in that interview that he neither knew anything about it, nor understood it. Check out the whole interview. Bill Gates however, did express an understanding of the block chain.

[@varunbhola7126]

@@billgreenidge6740 bill gates do praise about block chain technology , not bitcoin ... blockchain is used by many investment banks , but it' is in fiat currency - doller , yen etc ...not in bitcoin crypto currency...it is a huge speculation !🙏🏻

[@billgreenidge6740]

@@varunbhola7126 Did I mention something about Bill Gates? I meant to mention Warren Buffet's opinion about Bitcoin.

[@sherryclaudia3709]

Hello I'm new to bitcoin trade and i have been making few loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?

[@walterdouglas3066]

Bitcoin is really profitable when you invest with a professional broker

[@jordanalbert2940]

That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts

[@haroldgerald3097]

I trade with expert mrs Florine her strategies are out of this world

[@haroldgerald3097]

She's the best ever seen so far

[@jamescharlotte5603]

Every one knows she's the best her trading technique and strategies are mind blowing

[@grimrocks11]

This aged like a fine wine

[@stEVEN_SMARTER]

Wish I had watched it back in 2018 😭

[@PeterIsza]

Yes but crypto became correlated with everything, so that argument doesn't hold. In 2020, it crashed together with the rest of the assets.

[@svadia]

@@PeterIsza Thank you. It's like no one in this comment section actually listened to what he said.

[@tyler_drdn]

Why do they need 3 reporters??? Let him speak!

[@CommandoMaster]

This dude is very composed.

[@gavindiwijeratne6182]

ofc he's Sri Lankan 😀

[@bobobobobobobobobo9393]

“2018 or 2019 hopefully we dont have another cataclysmic event...” 2020: allow me to introduce myself

[@zaynumar0]

Lolololololol

[@Knowwayjose1]

5 years later.. CHAMATH still 100% spot on with BTC

[@pekwind]

Chamath has a rare capability to handle very tough questions very well, without yelling to someone.

[@jpesicka492]

Well he is holding btc talking to a bunch of no coiners so he had to feel pretty good about it

[@khalif1991]

most people just don’t yell

[@kingkobby5951]

These old guys are scared of losing their positions as worlds richest people. We are coming for them😂

[@Eman1900O]

Dave Kobby that’s stupid.

[@SahandSadeghi]

@@Eman1900O Was he wrong? Bitcoin 45k

[@buffalotraffic]

Chamath, you are seriously awesome.

[@twodubz2280]

The only scumballs I see are the people asking the questions 🤔

[@MB_____]

exactly what I said right when he said it.

[@muba000]

The more I listen people, the more I realize, Warren Buffett is a genius.

[@johnj6345]

cope lol

[@vijitc1209]

Still think they are wrong? This guy the more I watch him is a grifter. Stick with Buffett and co. So many people think they are out of touch and live to regret it.

[@94083122]

It’s not about being right or wrong on bitcoin. Chamath is right. Why not have something in your portfolio completely uncorrelated to the rest of your investments? It won’t hurt you. As for people that bet their houses on bitcoin, there is no context where that is a good idea, regardless of whatever asset class you’re talking about. There will be another market correction, and when that happens, people will see the true value of owning something decentralized from the rest of the market.

[@scottbelton4734]

"It won't hurt you" LOLOLOL ask the people who bought at 19k if it hurts .... bitcoin is NOT an investment as much as the cheerleaders want it to be. currencies, by definition, are not investments folks (the same reason you would never allocate into the pound or the yen longterm, makes very little sense) ..... but of course, most folks will never listen. at least you were warned

[@anthonyrossi8255]

Scott Belton wake up

[@94083122]

Scott Belton In terms of currencies not being an investment,that is factually incorrect- there are plenty of derivatives used daily by the largest financial players in the world, JP Morgan Chase and the rest. It would be better to say currencies are not your personal favorite investment, which is fair. In terms of buying at 19k, if you actually do trade derivatives you would know that buying due to herd mentality or because the price keeps going up is not the way to go- that was never going to be a good idea, even if the price continued to rise. There’s no analysis on that idea. The people that did that had absolutely no idea what they were doing, which is why Chamath, if you watch this full interview, refers to people who bought Bitcoin in 2012. Those are the people that actually did critical analysis on Bitcoin and Blockchain and really understand its value. Those people are completely not worried about price fluctuations, because they are looking at the long term value, not a few months. The point in all of this is that it won’t hurt you to have a small part of your holdings in something uncorrelated to the market. Don’t bet your house on it. Don’t buy it on credit. Never bet your house on any investment, which is what a lot of speculators did when the price was at 19k- it is never a good idea to bet your house on any investment, does not matter how good it looks.

[@blackswan8651]

Scott Belton Yes... Deflationary fiat, couldn't agree more, but Cryptos are inflationary. Limited numbers unlike fiat.

[@omarkhan2131]

Scott Belton So you’re saying a word is not a word unless it’s acknowledged in Webster’s English dictionary? Totally unbeknownst to the fact that the word might have meaning somewhere else. Maybe in another country or language. Maybe you don’t understand. For the folks that bought at 19K congrats for not listening when it was 2K. This is the nature of how markets correct. If you bought at 19K you better have the balls to sit through the correction until it reaches 50K.

[@JaeWest]

Her: So you're saying you like non producing assets? Him: 😐

[@thomasrogers9146]

I GUESS THE OLD FASHION GUYS WERE RIGHT ALL ALONG. TANGABLE ASSETS.

[@calvinminer4365]

Turns out Chamath was completely wrong saying Bitcoin isn't connected to the broader market and it is NOT a hedge, it's just down river from the stock market and a luxury investment. The host was right.

[@johnj6345]

look at the no coiner cope haha

[@Jack-ox3rd]

🤡🤡🤡🤡

[@menderiic0895]

Ftx collapse and his wrong about bitcoin. What a sham

[@daveaustin02]

Lol what. Bitcoin at 68k

[@Jack-ox3rd]

lol because idiots like yourselves think trading Bitcoin on a centralized exchange is a good idea

[@shrestha201]

Chamath is right to say that Bill Gates, Buffet & Monger are exceptional at what they DO ! to accumulate more Bitcoin.

[@JamesJohnson-wt2sk]

It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.

[@abigailwright9430]

Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

[@pínnedbyEXPERTSTUDENTCLASS]

That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts

[@harmonymathew7855]

I have been seeing so many recommendations about olivia tracy on Instagram and telegram trending I think she must be good for people to talk about her

[@muhammadabdulwahab7319]

Investing with her made me some interesting amount

[@user-te1rq5rz1e]

I saw the recommendation but I didn't bother chatting her up I keep loosing teally i still don't understand how the forex market works tho

[@davidmurray6070]

Love the way he pays respect to the old guard and then intelligently kneecaps them. Mr. Palihapitiya is a beast.

[@u.mazzeru3327]

He disagrees with Buffet yet he doesn’t provide any argument that bitcoin should be seen as an investment other than a weak statement-“things change.” Reminds me of a Tomasi di Lampedusa’s phrase, “Everything must change for everything to remain the same.” Sure, things change, but what intrinsic value does a protocol have?

[@justsaiyansteve]

This guys he the real deal, hes the new oracle.

[@aaa84gt]

A very smart man

[@luisfernandocuestasanchez4343]

This young man has a lot of potential. He has the ability to see through. Please make more interviews with him

[@F0rtysxity]

I love this guy. Bromance.

[@Eman1900O]

F0rtysxity he is only in 1% in bitcoin. You are a bitcoin bug I bet

[@F0rtysxity]

I watched this video yesterday. But didn't he say he was suggesting 1% holdings to other people? I know at one point in time he and his investment firm owned 5% of all bitcoins. But yes, I like cryptocurrency. Good guess?

[@Shawnantonioexperience]

Same here

[@raphaeldouglas9361]

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.

[@peterbedley2719]

Yeah! I agree with you sir.

[@peterbedley2719]

If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.

[@peterjones7646]

People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.

[@itoboreoghenevwegba4306]

That's very correct sir!! And that is why most of them end up losing they money to scammers.

[@michealdouglas8206]

Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.

[@north-i1k]

And now BTC is over $50k lol...boy were Buffet and Gates wrong about this one

[@blessingdwight289]

All thanks to shawnhacker16 on Instagram i never regrets of dealing with them i recommend them all the way they got me 1btc am glad 💪💪💪✓✓✓ 💯💯💯,

[@wertytrewqa]

chamath was smart for knowing about zoom but he was wrong about bitcoin when he said it was uncorrelated to the rest of the market. When the coronavirus hysteria was at its maximum in early march, the bitcoin price went down with the rest of the market.

[@mitchellposluns7073]

can't believe you had the only comment to point this out! It crashed spectacularly in March 2020, just like everything else. Now it's flying upwards with the equities market (albeit much faster given the institutional buyers). An interesting story to watch no doubt. HODL on people

[@unlimitedpotential24.7]

True, but it could've literally been a correction from the fact it's a new asset class, making it volatile. It's gaining the stability over time, but clearly still not a 100% safe hedge against the markets. Nobody puts 100% of savings into bitcoin, it's mostly a small percentage in portfolios. However, as it grows it eats up more and more monetary energy. And with it comes price stability. If bitcoin every gets to $1 million a coin, it will be much less volatile and behave more like gold does. Interestingly, bitcoin bounced back from that March sell off quite quickly and fervently. Kind of like what gold did. Except gold didn't suffer the drop, but bitcoin made out of that scenario unscathed and prepped for the bull run we're in, out performing most assets out the pandemic gate. Which means to me that bitcoin is finding a home somewhere between being a safe haven and a risk asset, but as time goes on, seemingly more safe and less risk. But who knows. Something big could be stirring...

[@ZagaLives]

Yet bitcoin recover faster than stocks

[@rgagovic]

LOL watching this video now - chamath looks like a genius :)

[@forefatherofmankind3305]

Omg let him talk. Damn every video this is happening

[@emilyjn6147]

Those reporters got defensive and loud because they're old and confused

[@fgamersinc.7295]

Bitcoin is now $50,000. Thank you CNBC!

[@blessingdwight289]

All thanks to shawnhacker16 on Instagram i never regrets of dealing with them i recommend them all the way they got me 1btc am glad 💪💪💪✓✓✓ 💯💯💯,

[@MasterKenfucius]

Bitcoin: "Somebody else is selling turds and you decide that you can't be left out." - Charlie Munger. 99.99% of people have no idea what a bitcoin is. I bet the guy being interviewed can't explain it either. So, too much for understanding your investment. Just wait for them all to lose all their money.

[@Republiks]

Chamath ..u r wrong. People will get screwed.

[@texasdiscountland]

I have listened to a few of his videos. He is by far one of the most down to Earth billionaires out there today.

[@EricSmyth4Christ]

Cuban much better

[@rakeshgoel515]

And the rest is history 😂😂😂😂

[@eduardomarquee551]

People don't seem to understand the benefits of investment

[@eduardomarquee551]

Investing can provide you with another source of income, fund your retirement or even get you out of a financial jam. Above all, investing grows your wealth - helping you meet your financial goals and increasing your purchasing power over time. Or maybe you’ve recently sold your home or come into some money. It’s a wise decision to let that money work for you.

[@jessicaallen6874]

@@eduardomarquee551 Having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status if you have mastered the forex market or trade with professional guidance .

[@jessicaallen6874]

As a newbie it was a bit hard to get a good account manager tried many times, failed but didn't give up. I came across a comment section like this where fx Kelvin was recommended and decided to try him believe me that was the end of a manager hunt for me he's the best broker

[@antoniohandel8332]

@@jessicaallen6874 Bitcoin is the most widely available cryptocurrency, and its price fluctuates a lot, attracting many traders. For example, from a price below $10,000 a coin at the start of 2020, Bitcoin soared to around $30,000 at the start of 2021. Then it doubled from there soon after.

[@scottroselyn3180]

[phone]

[@dhaneshindia]

Warren Buffett will have the last laugh.

[@jacobroger447]

Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise

[@gabrielroland2182]

For real it's very profitable

[@alexanderluke2258]

You don't really need someone to tell you how to invest your coins, you can make research on your own and also try doing it yourself first.

[@frankjustin4584]

I will recommend expert Mr Phillip for you their strategies is working for me at the moment and making good profit from bitcoin trading

[@jackanthony7341]

@Antyony Gary Haha you don't have to be surprised expert Mr Phillip are really good and everyone loves genuine services, they've helped me recover what I lost trying to trade on my own

[@bitboycrypto8469]

Same here it's four months now I started investing with them and it's been a good experience

[@ThisGuyWithThatGuy]

Snake oil salesman trying to act he knows what’s up

[@machalagreen386]

The internet has created more impact in our life, financially, socially and otherwise, for the betterment of our lives.

[@HevaNaisdey]

These reporters are so eager to prove themselves; they just feel like they have to say something to not look stupid. If you invite somebody for an interview, at least let them finish their answers...

[@seesidesummerhouse6112]

I’ve learned redditors hate billionaires unless they post memes on Twitter.

[@sarthaktrip99]

bruh this comment needs more attention.

[@zacharycebu]

Mr. Palihapitiya is awesome, i love his ideas and views

[@james-sk1si]

Now we know the real winner. buffet!!

[@glitch-pr3nr]

Do not follow a crowd to do harm.

[@schawnettarobinson8584]

The only thing constant is change.

[@peezhead]

Facts!

[@jerryclark433]

I still think buying a home is the best investment any individual can make..

[@mooniamborepiied5053]

Wow, that's a great and nice ideal..

[@tommycruise1295]

I think investment psychology is by far the more important element, followed by risk control. With the least important consideration being the question of where to buy and sell.

[@migueltherapy7450]

Bitcoin trading nowadays is a big change to make money...

[@nelsonwax1564]

Bitcoin trading right now will be at every wise individuals list.. In few minutes you'll be ecstatic with the decision you made today..

[@joyfundx9146]

Bitcoin: Is the only true democracy ever exists in the world..

[@bful-q7g]

It feels wonderful to listen to someone smart.

[@turbodog99]

Sorry you mean "it feels frustrating to listen so someone fairly smart say such stupid things.

[@romanb6810]

Chamath is so humble and crystal clear minded. I just cannot believe how smart this guy gotta be.

[@mithileshsanam9561]

so all these guys want Chamath to say, "Bitcoin is a scum. Yes. Buffet is right".God, let the man speak.

[@venkatmamidi29]

Anyone seeing this after Bitcoin hit 50k+

[@Andre-hr5jl]

Stick with XRP and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind. just remember where it's going and don't be put off by short term fluctuations and don't facilitate this dream into becoming a nightmare. The coinbase thing will undoubtedly be replaced by another incident but it will always correct to higher until it's mooned naturally. Don't give up on it and start day trading it, it will take too much time and concentration. Remember XRP is probably bitcoin part 2. It is quite unfortunate that the most popular word lately amongst crypto enthusiasts and traders alike is “hodl.” This concept of “holding on for dear life” in itself may not be a bad idea but why hold on to an investment instrument which could make you some money, or make you very miserable tomorrow? Making a good profit off crypto is easy if and only if you can find the right entry point and exit point in your day trading. Someone I discovered that has tremendously helped me with this is Mr. Kaniel Nolasco. He has a system which is so effective it amazes me. I have been using his signals and strategies and have turned out a very impressive profit over the last two months. I would suggest him for beginners and even more experienced traders who have a problem turning in a consistent profit. His contacts are and thank me later and please thank him for me too am a living testimony from that man, i and my family

[@nachomonreal7593]

That man has been the btc guru he help my wife with her 655btc and turn her wallet to a bank...

[@amtradingtips3441]

Nice info..

[@kristianholm7366]

Thanks for this info i just contacted him seeing this.

[@stefanbaumgaertner5827]

Thanks for this needed this to trade my btc...

[@jamesclerkmaxwell8020]

This aged super badly

[@easyDoes1T85]

Cars, planes? Drive horses! Horses have a 5000 year history as being used as transportation

[@paulginsberg6942]

It's a matter of when not if as to when another cataclysmic financial catastrophy is upon us. I believe it is almost here.

[@ChromeFamily]

How do you invest in bitcoin?

[@christophercox5614]

Hello there, you need with investing bitcoins??

[@SAL-fs1mr]

Just use Cash App or Coinbase to buy bitcoin.

[@malcolmbean9686]

This video has aged like fine wine...

[@shrestha201]

Love listening to this GUY.. Chamath

[@CHLye-wn7sn]

You're no Buffett Disciple if you believe in Bitcoin. Buffett is all about that intrinsic value. Bitcoin has no intrinsic value, only some utility value.

[@seankim47]

Who’s watching this now?

[@barbarapaz3722]

Maybe if they stop interrupting him the whole time he’d get to his point

[@mikujicrypto405]

(Plus)(two)(three)(four)(nine)(zero)(two)(seven)(three)(five)(zero)(six)(six)(eight

[@mikujicrypto405]

Whsapp👆👆 Sorry for the late reply we where having meeting concerning on how to choose chief advice He has been kept by you-tube all the channel in you-tube know him as the best you can take a tryy

[@furiousninja133]

How can he be a Buffet 'Disciple' if he going against the essence of his teaching's "Buy things which produce something" ?

[@austinhilton3890]

Bitcoin trading right now will be at every wise individuals list. In few minutes you'll be ecstatic with the decision you made today

[@doc239]

He has really made a good name for himself

[@SportsIncorporated]

Great communicator. (i.e., Chamath Palihapitiya)

[@MB_____]

yes!

[@lorenzonjadu2522]

What is he saying now?

[@akimorait]

this video aged like wine

[@kitkarson4226]

4:18 - What a response! Huge respect Chamath!

[@AnkitSinghAnarchoAtheist]

Technology is not his circle of competence... But banking, payment systems are in his circle of competence. Bitcoin tries to solve a wrong problem.