🪙 Bitcoin bid as the escape hatch from dollar debasement

Chamath crypto w=1.00 · n=20 · E23 (2021-02-20) · sentiment · strength 1 ▶ 1:08:42 SUPPORT

“There is one thing that above all others, which is sadly also in my portfolio. ... that's Bitcoin. At one point, we controlled low single digits, mid single digits of the entire float. And had I held on to that, that's talking about a mid-deca billion dollar position.”

Jason crypto w=0.69 · n=13 · E23 (2021-02-20) · positioning · strength 1 ▶ 1:09:24 SUPPORT

“Yeah, mine is clearly Bitcoin as well because I was reporting on it when it was 10 cents. ... And then my wife bought it at under 200”

Sacks crypto w=1.11 · n=18 · E23 (2021-02-20) · sentiment · strength 2 ▶ 1:13:00 SUPPORT

“I think the reason why we're seeing Bitcoin go to the moon right now is people are starting to speculate on the idea that this might be the future world reserve currency because it's not subject to manipulation by central banks.”

Sacks crypto w=1.11 · n=18 · E26 (2021-03-20) · positioning · strength 2 ▶ 21:07 SUPPORT

“But the thing that jumps out at me about all the critics of Bitcoin, and I'm not like a pumper or whatever, but I do own some, is the thing that all these critics don't seem to understand is the technology. ... As long as that remains true, then Bitcoin can serve as money if everyone believes in it.”

Jason crypto w=0.69 · n=13 · E26 (2021-03-20) · sentiment · strength 2 ▶ 17:50 OPPOSE

“I think you can really judge this based upon how much it's being pumped by the people who own it. And they are absolutely dogged, religious about this. It's like talking to a person who's met Jesus, and now everybody has to be a Christian. ... And so I think it's going to be there's going to be a dogfight here where governments are not going to easily give up their control of this. And there's many ways they can make a bunch of red tape to slow this down.”

Sacks crypto w=1.11 · n=18 · E42 (2021-07-30) · explicit_prediction · strength 2 ▶ 34:02 SUPPORT

“if you were a Chinese billionaire looking at this landscape, your priority has got to be to get some wealth outside the country beyond the control of the CCP. You're gonna be buying Bitcoin, you're gonna be trying to get your money overseas.”

Jason crypto w=0.69 · n=13 · E42 (2021-07-30) · sentiment · strength 1 ▶ 36:38 SUPPORT

“And it just does make the Bitcoin. In hindsight, it does look like they shut down Bitcoin a couple of months before making these actions. So your point, David, they probably anticipated that people would start shipping their money out using Bitcoin. And so they banned Bitcoin.”

Sacks crypto w=1.11 · n=18 · E50 (2021-10-09) · positioning · strength 3 ▶ 16:38 SUPPORT

“The thesis there was just that crypto would go more institutional, and I think we're starting to see that now, where endowments and so on are realizing they need to have some portion, maybe 1% or 2% of their portfolio in crypto.”

Chamath crypto w=1.00 · n=20 · E50 (2021-10-09) · explicit_prediction · strength 3 ▶ 29:50 SUPPORT

“And it's too institutionalized now. So, you know, there's just way too many organized pools of capital that are now speculating inside of this entire ecosystem. ... So when you have people in high finance, you know, really vested in this thing and you have $3 trillion of value that will go to $6 trillion and then go to $10 trillion, this can't go away.”

Friedberg crypto w=1.08 · n=12 · E58 (2021-12-11) · sentiment · strength 1 ▶ 35:12 SUPPORT

“And this is where Bitcoin feels to a lot of people like a great equalizer. And yeah, I'm not a huge, I'm not a Bitcoin maximalist or anything. But I think that's where the appeal arises”

Jason crypto w=0.69 · n=13 · E62 (2022-01-08) · sentiment · strength 2 ▶ 43:36 OPPOSE

“So much for them being uncorrelated. ... Bitcoin is going to be uncorrelated, so the market is going to go up.”

Chamath crypto w=1.00 · n=20 · E65 (2022-01-29) · positioning · strength 2 ▶ 4:58 SUPPORT

“I've structured it so that I don't hold any Bitcoin personally myself because I don't want to have the pressure and the risk of keys and coins and wallets and this and that. But I still really believe in Bitcoin in the long term.”

Jason crypto w=0.69 · n=13 · E68 (2022-02-19) · explicit_prediction · strength 2 ▶ 14:10 SUPPORT

“this will do more than McDonald's accepting Bitcoin because this is the first time like a western democratic state is seizing people's funds like in an incredibly unfair, unnecessary way, which is just going to have more people say, you know what, maybe I should keep some of my net worth out of the government's purview if they're going to seize it anyway.”