Bitcoin billionaire Chamath Palihapitiya was the guest of the new episode of the podcast All-In. According to Palihapitiya, cryptocurrencies can help create an anti-capitalism and a better financial future for this world.
Bitcoin billionaire and venture capitalist Chamath Palihapitiya was the guest of the new episode of the podcast All-In. The billionaire made some statements about crypto assets and decentralized finance (DeFi). According to the billionaire, cryptos have significantly influenced and changed the sharing of capital.
“(Cryptocurrencies) Destroy Capitalism! If you think about what capitalism is, cryptocurrencies not only provide a return on investment, they are a dollar tonnage. So you have to spend a lot more dollars for big investors in crypto.”
That’s the pressure! These guys are under tremendous pressure to get tons of dollars out of the system efficiently. These guys are always at the forefront. But when we look at the Solana project, it started with a few million dollars, but now it has a value of 60-80 billion dollars. So I don’t know how capitalism survives in this world.
Palihapitiya says the nature of crypto is also a major game changer when it comes to governance systems. Stating that it is no longer possible to talk about management in cryptos, Palihapitiya said, “because we all agree on some norms about what a structure should be in cryptos.” This system now has a decentralized autonomous automation system.
As a result, the Bitcoin billionaire has had a significant impact on the nature of cryptos, capitalism, and is an important digital transformation that will cause capitalism to change. This change is a positive force for capitalism as well as being destructive; He added that out of the billion who think crypto can destroy wealth, he doesn’t care if that happens, it will be much better for the world.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.