🪙 Crypto survives the May 2021 regulatory correction

Sacks crypto w=1.11 · n=18 · E33 (2021-05-22) · explicit_prediction · strength 3 ▶ 1:01:30 SUPPORT

“I don't think that's going to change. This is probably a pretty good buying opportunity. We've seen these crashes and Bitcoin many, many times over the years. ... So this is probably a pretty good entry point for the next rally. We don't know when that's going to be. But the whole point of Bitcoin is that it's censorship resistant and China can do its best to try and stamp it out. But I don't think they'll be successful at that.”

Chamath crypto w=1.00 · n=20 · E33 (2021-05-22) · explicit_prediction · strength 3 ▶ 59:48 SUPPORT

“It's the beginning of the beginning. ... he said it best where he said, you know, effectively, people want this, and the government will have no choice except to support it because you can't take something like this with this much institutional and retail demand away. So we have to go to the place where now crypto needs to be like everything else.”

Jason crypto w=0.69 · n=13 · E33 (2021-05-22) · sentiment · strength 2 ▶ 1:00:41 OPPOSE

“This reminds me of the transition that we all went through with, I don't know if you remember, Kazaa and Napster and BitTorrent. Like everybody, all the, we, a lot of our contemporaries in their 30s, you know, whatever, 10, 20 years ago were like, you can't stop it. You can't stop it. And it got stopped, you know, like you made it illegal and you prosecuted people. ... They're not going to stop Bitcoin in the West, but they will stop it in China. They will 100% full stop.”

Friedberg crypto w=1.08 · n=12 · E33 (2021-05-22) · sentiment · strength 2 ▶ 1:07:06 OPPOSE

“the thing about Bitcoin, which has always given me pause, is the fact that the only way it works is if everyone believes that more people are going to believe in it tomorrow than believe in it today. ... And my observation is so many people that are active in Bitcoin compare Bitcoin to the price of the dollar, which to me seems like it doesn't make sense relative to the intention of Bitcoin, which is to not be part of the monetary system that uses the dollar as kind of a de facto system of value.”

Jason crypto w=0.69 · n=13 · E35 (2021-06-13) · positioning · strength 2 ▶ 1:17:56 SUPPORT

“I believe in Bitcoin. I believe in Bitcoin. I own seven figures worth.”

Friedberg crypto w=1.08 · n=12 · E68 (2022-02-19) · explicit_prediction · strength 3 ▶ 13:45 SUPPORT · horizon 120mo

“mile marker on the road towards the state versus crypto, given the actions that were taken against Bitcoin wallets? Because that seems to be like a big trend that's going to play out over the next decade or two. ... Bitcoin seems to be the resolution to that. And now you're seeing the ultimate challenge to Bitcoin and the challenge to decentralized systems like Bitcoin and cryptocurrencies and so on.”

Sacks crypto w=1.11 · n=18 · E68 (2022-02-19) · explicit_prediction · strength 2 ▶ 16:14 SUPPORT

“the reason why Bitcoin is necessary is because the tactics that Trudeau is using is essentially to starve these truckers out ... And that's the reason why Bitcoin is potentially helpful, is it allows people using non-custodial wallets to make an end run around that and donate and help these people who are being persecuted, essentially.”

Chamath crypto w=1.00 · n=20 · E68 (2022-02-19) · positioning · strength 2 ▶ 54:39 SUPPORT

“The two most valuable pieces of private equity that I own is a company called DCG and it's a company called MetScope. And collectively, it's like $2 billion worth of stock that I own.”

Chamath crypto w=1.00 · n=20 · E77 (2022-04-23) · explicit_prediction · strength 3 ▶ 34:09 SUPPORT

“I think what the EO did was basically kind of give people enough regulatory safety in the sense that something reasonable will probably happen in the reasonable future so that people could keep building and iterating. ... My big takeaway in the last sort of like nine months is that this thing is now too big to fail, and the government basically has to just find a reasonable framework to enable something”

Brian Armstrong (guest ×0.5) no crypto track record · E77 (2022-04-23) · explicit_prediction · strength 2 ▶ 28:53 SUPPORT

“Now, the US has actually been pretty forward thinking on this. I'd say every year we get more and more clarity. ... the Biden administration put out an executive order recently kind of asking all the different agencies and departments to come back with a clear plan. And they did recognize the potential innovation in crypto in that executive order, which I was really pleasantly surprised to see.”

Friedberg crypto w=1.08 · n=12 · E77 (2022-04-23) · explicit_prediction · strength 2 ▶ 35:47 OPPOSE

“all it's going to take is a few of these stories before you have folks standing up in Congress saying, this is unbelievable. We can't let this happen anymore. Let's go shut down the miners. Let's go shut down the data centers. Let's go after every asset we can. And by the way, they will, because look at what just happened with Russia. ... I don't know if there is a world where we can assume that even with a free and open Internet, that these systems can truly be decentralized, given the reach that governments have.”