➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net
Bitcoin billionaire and BTC bull, founder of venture capital fund Social Capital Chamath Palihapitiya is sharing his strategy for attaining financial freedom.
In a new interview with Shane Parrish of The Knowledge Project, Palihapitiya says building a network of people with shared values and a shared sense of identity and working toward a common goal, can provide a strong foundation that individuals can leverage to achieve financial freedom.
“To me, if we can give people a more reasonable roadmap where they can execute it, they can learn and they can have a community of other like-minded folks that can put in the time and work and help each other over five, ten, fifteen, twenty years to compound capital no matter how small, but just to start, I think you’d be surprised at how many people are intellectually capable of achieving financial freedom on their own. And in that, I think there is a path out of this kind of very depressing state that we’re in.”
As an example, Palihapitiya highlights his experience within the Tesla community. In 2015, Palihapitiya says he found a community of investors who were crowdsourcing knowledge on the company, which led him to bet on Elon Musk.
“There was so much knowledge that helped us feel like we were making the right decision. It existed in this long tail of people who took it upon themselves to build a community that wanted to understand the company, not necessarily to be a blind cheerleader, but they would really go and double click and they were doing a level of work that was incredible.”
Palihapitiya says the economy has entered a new era where everything can be fractionalized and average people can take their share of ownership of an asset that’s up for grabs.
“We are starting to financialize everything. We are starting to create financial increments attached to everything that you can imagine.
It used to be the case that you would only buy sneakers. Now, you buy and sell sneakers, and the marketplace that is the leader in that, GOAT, today just announced that they raised 200 million dollars at an almost two-billion-dollar valuation… They’ve fractionalized shoes, essentially.”
As for his stance on Bitcoin, Palihapitiya he says he remains bullish on the number one cryptocurrency.
“I think that we are dismantling financial orthodoxy and in that dismantling and in the leveling of the playing field, there will be moments of volatility, and to have a small amount of insurance that’s uncorrelated to the orthodoxy. It’s just a smart risk management thing.”
In other trending Bitcoin News today:
Microsoft and Apple Will Buy Bitcoin Within Five Years, Says Macro Guru Raoul Pal – Here’s Why
Raoul Pal, co-founder and CEO of Real Vision Group, says Bitcoin is the “life raft” that will take the population and corporate giants through the end of global fiscal policy as we know it.
Pal says central banks are going to eat the banking system and that cryptocurrencies are eating finance.
He also says he’s going to be “bloody surprised” if some of the biggest companies in the world like Apple and Microsoft aren’t sinking cash into Bitcoin within five years to protect their capital from dollar devaluation, following companies like Square and MicroStrategy.
“I do think that Bitcoin is the cockroach that can’t be killed. I think it is something too powerful for even governments to overcome. And I think it is our life raft and our way out.”
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Show Notes / News Resources:
– Bitcoin Billionaire: https://bit.ly/37xAIE0
– $1M Bitcoin Prediction Chamath: https://bit.ly/34iAfTS
– Microsoft & Apple Will Buy Bitcoin: https://bit.ly/3ma13fi
– $1M BTC Prediction Raoul: https://bit.ly/3mpb8Ft
– Bitcoin Technical Analysis: https://bit.ly/3kmQBRd
DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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