My First Million #14 - The Bitcoin Believer
27 snips
Sep 25, 2019 Arianna Simpson, an early-stage tech investor and a well-known figure in cryptocurrency, shares her bold decision to invest over 50% of her net worth in Bitcoin back in 2014. She discusses her unique journey from ecological research to tech investment, fueled by witnessing hyperinflation in Zimbabwe. Arianna explains how Bitcoin has evolved from a niche interest to a mainstream asset, especially for women in the space. She emphasizes the importance of embracing uncertainty and taking risks in the pursuit of success, inspiring listeners to follow their passions.
AI Snips
Chapters
Transcript
Episode notes
Fear of Complacency
- Arianna Simpson was driven by a fear of complacency at Facebook, leading her to seek more fulfilling work.
- This fear, coupled with her interest in Bitcoin, prompted her to leave her comfortable job.
Big Bet on Bitcoin
- Arianna invested 50% of her net worth in Bitcoin in 2014 after learning about it from a friend.
- She saw Bitcoin's potential as a binary outcome: either it would become huge or fail completely.
Zimbabwe Hyperinflation to Bitcoin
- Arianna's experience with hyperinflation in Zimbabwe sparked her interest in non-state currencies.
- A friend then introduced her to Bitcoin, which she recognized as a potentially transformative technology.