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#974 Chamath Palihapitiya on How To Invest Through A Crisis (2020 Replay)

The Pomp Podcast

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Bit Coin

In two thousand and three, i sa, two thousand and 13, i bought a lot. And at one point, i think i had almost five % of all big coins. My basis is about 80 bucks a coin. I've never bought more. Most of my bit coin now sit with a company,. And, you know, they use it for trading purposes. They use it to run a bunch of other strategies. But right now that's where we are. We're in that ghetto. And ah, you need to get out. The only market that's even more important than the debt markets are the currency markets. You can't replace it with something that's nine sigma more

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