-Chamath Palihapitiya regrets this crypto mistake"3, 3 or 4, 4 billion" as bitcoin rises above 90000......Much more money"
At the time, Palihapitiya's partners decided to distribute #bitcoin , and while that decision was profitable, in retrospect it's not as profitable as maintaining the #cryptocurrency . "Obviously, I shouldn't have sold it. It would make them more money, Palihapitiya admitted.
Why it matters: Bitcoin made history by surpassing the 90000 bitcoin mark, helped by Trump's stance on #cryptocurrencies and the prospect of a cryptocurrency-supportive Congress. Bitcoin's value rose 90 percent in 2024, driven by strong demand for U. S. exchange-traded funds and lower interest rates from the Federal Reserve.
The rise of Bitcoin, which reached new heights after the U. S. election, has led to returns surpassing those of other investments such as stocks and gold.
In an episode before the All-In podcast, Palihapitiya talked about a significant shift in Generation Z's approach to economic independence. He noted that many young people no longer rely solely on their primary goal of economic freedom, but instead utilize cryptocurrencies like bitcoin and options on platforms like Robinhood and Coinbase.
Palihapitiya regrets selling his bitcoin holdings, and this comes at a time when the cryptocurrency market is experiencing significant growth. Anthony Scaramucci, founder of Skybridge Capital, foresees the possibility of cryptocurrencies moving to a non-politicized regulatory environment under a future U. S. administration and believes the value of bitcoin will continue to rise.
a simple string telling him when to buy and when to sell helped Nick #win 83% of his trades. Click here to access it. Please comment first!
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