An Interest In:
Web News this Week
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
Some of Our Sources
- Pearsonified
- Fuel Your Creativity
- Web Designer Depot
- Line 25
- Stylized Web
- Specky Boy
- CSS Tricks
- Web Resource Source
- Daily Now
- The Verge
Help Webnuz
Referal links:
October 29, 2013 09:17 pm GMT
We already knew that Chamath Palihapitiya, ex-Facebook executive, and founder and partner of The Social+Capital Partnership, was bullish on Bitcoins. But how bullish? He actually owns the equivalent of $5 million in Bitcoins, representing one of the largest positions in the world with the Winklevoss twins. But that’s not all, Palihapitiya wants to own even more than that — up to $10 and $15 million. He didn’t say whether he counts on an increase in value of Bitcoins or whether he will start right away to purchase more Bitcoins. Palihapitiya seems to be very aware of the risks involved with betting on a digital currency, but is willing to take those risks. He already shared his thoughts about Bitcoins and why he believes that it is a disruptive idea. But until now, we didn’t know how much Bitcoin he actually owned. Among the reasons why Palihapitiya is bullish on Bitcoin, he cited the usual key advantages of the currency: it’s an electronic, peer-to-peer, mostly unregulated currency. Yet, he sees Bitcoin as a well-crafted money protocol to remove any kind of friction. It is like what the TCP/IP protocol did to the Internet — it enabled countless of innovations. As he now holds a significant position in Bitcoins, expect Palihapitiya to talk more about the cryptocurrency. He could become one of the most prominent advocates for the digital currency. Just like he loves poker because it reminds him of how startups work, Bitcoin has a level of risk that he must find fascinating.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/J26tsypI4LQ/
Chamath Palihapitiya Owns $5 Million In Bitcoins, Wants To Own $10-$15 Million
We already knew that Chamath Palihapitiya, ex-Facebook executive, and founder and partner of The Social+Capital Partnership, was bullish on Bitcoins. But how bullish? He actually owns the equivalent of $5 million in Bitcoins, representing one of the largest positions in the world with the Winklevoss twins. But that’s not all, Palihapitiya wants to own even more than that — up to $10 and $15 million. He didn’t say whether he counts on an increase in value of Bitcoins or whether he will start right away to purchase more Bitcoins. Palihapitiya seems to be very aware of the risks involved with betting on a digital currency, but is willing to take those risks. He already shared his thoughts about Bitcoins and why he believes that it is a disruptive idea. But until now, we didn’t know how much Bitcoin he actually owned. Among the reasons why Palihapitiya is bullish on Bitcoin, he cited the usual key advantages of the currency: it’s an electronic, peer-to-peer, mostly unregulated currency. Yet, he sees Bitcoin as a well-crafted money protocol to remove any kind of friction. It is like what the TCP/IP protocol did to the Internet — it enabled countless of innovations. As he now holds a significant position in Bitcoins, expect Palihapitiya to talk more about the cryptocurrency. He could become one of the most prominent advocates for the digital currency. Just like he loves poker because it reminds him of how startups work, Bitcoin has a level of risk that he must find fascinating.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/J26tsypI4LQ/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch