Bitcoin USD

Chamath support ×2 ▼ on 🌍 Risk-off window: November to February E252 · 2025-11-22 ▶ 23:35

My gosh, this short Bitcoin thing has been a bonanza... Is it below 90? It is, right? It's like 87?... Watch out below.

Brad Gerstner support ×2 ▼ on 🌍 Risk-off window: November to February E250 · 2025-11-07 ▶ 39:46

Early in the year... Altimeter was positioned small... By May... we went to kind of extra large positioning and we've been there most of the year. And so now we're back to kind of medium, medium small positioning in the market... There's a pause as we head in over the course of the next couple months.

Chamath support ×2 ▼ on 🌍 Risk-off window: November to February E250 · 2025-11-07 ▶ 6:37

To be clear, we are very much getting into a phase of risk-off... We will be back firmly in risk-on mode in February, is my suspicion... Bitcoin is about to break through 100,000 to the downside, which I think is a psychological barrier that probably has another 5% or 10% more to run.

Chamath support ×2 ▲ on 🪙 Bitcoin's most important year ever — ETFs take it mainstream E181 · 2024-05-31 ▶ 53:23

Obviously, the other thing that's happened is we've commercialized Bitcoin. And we talked about this sort of as my big prediction for 2024, which is these ETFs are really going to allow Bitcoin to cross the chasm and have its sort of central key moment.

Friedberg support ×2 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E169 · 2024-03-08 ▶ 1:24:30

I think the real question is, in the last couple of years, have we really seen a change in Bitcoin being used for transactions or for commerce in any meaningful way? I think the answer is still likely not.

Chamath reversal ×2 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E169 · 2024-03-08 ▶ 1:22:26

So I think it's been a very big year, and I think that psychologically, it's proven a lot of folks wrong, and it's a setup for something really constructive.

Chamath support ×3 ▲ on 🪙 Bitcoin's most important year ever — ETFs take it mainstream E169 · 2024-03-08 ▶ 1:22:26

But they seem to think that this thing is on a death march to 100K. I'm not sure whether that price is realistic or not in the year, but I will say that we're going to get to a tipping point where everybody really talks about this. I still don't think we're there yet. I think we're just at the beginning. But when you see the inflows into these ETFs, Jay Cal, it's like a very big deal because it just allows every mom and pop individual to buy some

Chamath support ×2 ▲ on 🪙 Bitcoin's most important year ever — ETFs take it mainstream E160 · 2024-01-06 ▶ 1:09:59

This is the most important year for Bitcoin that has ever existed. We are probably days away from a series of ETFs being approved... this is the moment for Bitcoin to cross the chasm and really see mainstream adoption... Bitcoin will be a part of the traditional financial lexicon by the end of 2024.

Jason oppose ×1 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E137 · 2023-07-14 ▶ 1:01:17

With this Ripple ruling, I think this becomes a boon for people to say, well, the scarcity of Bitcoin and Bitcoin's stability

Sacks oppose ×2 ▼ on 🪙 SEC suits drive the US crypto exchanges offshore E137 · 2023-07-14 ▶ 44:31

but I would like the United States to be the place where we figured this out, not driving it overseas. So I'm happy that the judge found in favor of Ripple

Sacks support ×3 ▼ on 🪙 SEC suits drive the US crypto exchanges offshore E132 · 2023-06-10 ▶ 21:51

The government led by Gensler is in a full assault on crypto. And the goal is basically to either destroy it in the US or drive it offshore.

Jason support ×2 ▼ on 🪙 SEC suits drive the US crypto exchanges offshore E132 · 2023-06-10 ▶ 11:31

So we don't have Brian Armstrong move his company to the Middle East or an island in the Caribbean, which is what he's going to do, I predict.

Chamath support ×3 ▼ on 🪙 SEC suits drive the US crypto exchanges offshore E132 · 2023-06-10 ▶ 20:35

I unfortunately think that the SEC has by and large put the entire sector into mate. And so I think that what Jason said is largely right, which is that it's going to force these companies to preserve enterprise value to leave the United States and to jurisdictionally operate from a different place and to basically IP block and IP gate US residents from using their products and services.

Chamath support ×3 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E121 · 2023-03-24 ▶ 51:22

if Bitcoin or crypto assets in general were truly a legitimate off ramp and salvation from US dollar hegemony and all of this stuff, why isn't Bitcoin at least at $35,000 a coin right now? It's barely above $28,000. It really hasn't moved that much.

Friedberg support ×2 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E121 · 2023-03-24 ▶ 38:47

We have a real problem if Bitcoin is the exit ramp for an inflationary crisis because it's not accessible enough. It's not easily transactable.

Sacks support ×2 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E121 · 2023-03-24 ▶ 35:31

Do I think that we're going to have a million dollar Bitcoin in 90 days? I personally find that very unlikely, but you can't say yet.

Jason support ×2 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E121 · 2023-03-24 ▶ 32:43

So he's betting $2 million in total on Bitcoin hitting $1 million by June 17th, which there's probably no chance of that happening. A very tiny chance.

Sacks support ×2 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E119 · 2023-03-11 ▶ 1:20:20

this is the reason for that, Chamath, is just that what we've seen is that liquidity is all correlated. So when people are panicking about the state of their finances and worried about getting access to their cash, the first thing they dump is crypto because it is very liquid.

Chamath support ×2 ▼ on 🪙 Crypto fails its bank-run test — liquidity is all correlated E119 · 2023-03-11 ▶ 1:20:08

Nothing can revive the crypto market as we're seeing today. Even in a run on the bank, which is exactly what everybody was afraid of in a Bitcoin world, that thing is down 10%.

Jason support ×2 ▼ on 🪙 Crypto bubble bursts in 2022 — 90% of projects blow up E109 · 2022-12-24 ▶ 28:28

I said in 2020, I predicted in 2021, the biggest loser in 2022 would be crypto. By the way, Friedberg, you agreed with me, and we nailed it.

Sacks support ×2 ▼ on 🌍 Fed ending QE drains liquidity-dependent assets in 2022 E109 · 2022-12-24 ▶ 21:26

So I got that part right, but what I didn't connect it to were all the asset classes actually got pummeled.

Chamath support ×3 ▼ on 🌍 Fed ending QE drains liquidity-dependent assets in 2022 E109 · 2022-12-24 ▶ 20:33

So, it is an absolute worldwide sea change in how we need to think about risk.

Friedberg support ×2 ▼ on 🪙 Crypto bubble bursts in 2022 — 90% of projects blow up E107 · 2022-12-10 ▶ 1:04:26

a really interesting product of the crypto ecosystem and the model that so many kind of crypto businesses have engaged in over the years, which is if you can fester the belief, then there is a business. If you cannot fester the belief, there is no business. That there isn't a fundamental productivity driver. It's about building a belief system.

Chamath support ×2 ▼ on 🌍 Fed ending QE drains liquidity-dependent assets in 2022 E103 · 2022-11-05 ▶ 22:40

The point is that you didn't have to do this when rates were zero. There was just an abundance of free money and risk seeking and duration that is now out of the market.

Friedberg support ×2 ▼ on 🌍 Fed ending QE drains liquidity-dependent assets in 2022 E101 · 2022-10-22 ▶ 40:24

But when your interest rate is zero, you divide by zero, you get infinity. So you were able to kind of explain everything away into the future. Now you actually have an interest rate at 5%.