Bitcoin

Dark chart pattern shows: Bitcoin is poised to crash towards $ 9,500

Bitcoin (BTC) is the strongest and most secure network in the world. Due to its encryption and decentralization, Bitcoin cannot be hacked. The picture shows a safe lock with a Bitcoin in the middle.

Does Bitcoin have the potential to redistribute power? And if so, what are the consequences of such a force? In this article, we look at the statements made by billionaire and investor Chamath Palihapitiya. In an interview with CNBC, he spoke about the potential of BTCs to change existing structures and the associated effects.

Bitcoin and the distribution of wealth

As mentioned in the introduction, we refer to a recent interview from CNBC’s Squawk Box with Social Capital CEO Chamath Palihapitiya.

Chamath Palihapitiya is well known in the USA and has already been involved in many well-known companies such as Facebook, Slack or Yammer – through investments or in high management positions. In the past, the billionaire showed his keen sense for innovative companies several times.

At the same time, the Social Capital CEO repeatedly expressed himself pro-Bitcoin and underlined the potential of the oldest cryptocurrency. In the current interview, Palihapitiya said that BTC has become a enormous redistribution of wealth and wealth could lead.

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Early investor and supporter of Buy the Dip

It is always interesting to get insights from billionaires. How do wealthy people invest and what principle do they use?

Palihapitiya has now announced that he will continue to increase his Bitcoin inventory on favorable occasions, such as in March this year. After the billionaire has been actively investing in BTC since 2013, he is still convinced of its concept and continues to accumulate Bitcoin diligently.

Palihapitiya made an exciting statement about his investment recommendation. He said that you should hold Bitcoin and at the same time hope that you never really need it.

He justifies this with the chaos that could arise if the world actually falls back on Bitcoin in its entirety because other currencies have failed.

And I honestly hope that you will never need all of your Bitcoin. Because then we would probably be in a chaotic state. If it did happen, we would see an enormous distribution of power and wealth.

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