Chamath Palihapitiya: Why Bitcoin Will Be 'the Category Winner' - Unchained Ep. 178

Chamath Palihapitiya, the CEO of Social Capital and chairman of Virgin Galactic, talks about a wide range of issues, including Bitcoin, COVID, civil unrest, and broad economic trends and forecasts. Episode Transcript Link: https://unchainedpodcast.com/chamath-... We discuss: Whether his economic forecasts have shifted throughout COVID Why he believes a debt crisis will occur How he views the success of BTC as a hedge against the ruling class How the economic pendulum will swing back toward consumers Why he doesn't mind if big corporations and hedge funds get wiped out Whether he subscribes to the thesis that Bitcoin is uncorrelated Why the pandemic has not spurred institutional adoption of crypto Why he sees no merit in Ethereum How the economy will become more decentralized in the future and whether blockchain will be a part of it Why he prefers SPACs over ICOs Why he started capital as a service Why he believes the government should bust up large corporations Unchained is hiring! I'm looking for a remote editorial assistant. If you love crypto and have journalism experience, get in touch! https://unchainedpodcast.com/seeking-... Thank you to our sponsors! Crypto.com: https://crypto.com Stellar: https://www.stellar.org Kelman Law: https://www.kelman.law Episode links: Chamath Palihapitiya:   / chamath   Social Capital: https://www.socialcapital.com/ Turmoil at Social Capital: https://www.theinformation.com/articl... https://observer.com/2018/09/chamath-...   / the-reports-of-our-death-have-been-greatly...   2019 interview with Kara Swisher: https://www.vox.com/podcasts/2019/3/4... Chamath on Recode Decode in 2020: https://podcastnotes.org/recode-decod... Fed buying up to $250 billion in individual corporate bonds: https://markets.businessinsider.com/n... CNBC interview where he says Bitcoin is an uncorrelated hedge:    • Everyone should have 1% of their assets in...   https://www.cnbc.com/video/2017/12/12... SPAC: https://www.wsj.com/articles/the-mode... China’s blockchain efforts: https://www.coindesk.com/from-banking... Capital as a service: https://caas.socialcapital.com   / from-experiment-to-product-capital-as-a-se...   2019 investor letter: https://www.socialcapital.com/annual-... At Stanford GSB:    • Chamath Palihapitiya, Founder and CEO Soci...   ++++++++++++++++++++ FOLLOW THE UNCHAINED and UNCONFIRMED PODCAST! WEBSITE → https://unchainedpodcast.com NEWSLETTER → https://unchainedpodcast.com/category... FACEBOOK →   / unchainedpodcast   TWITTER →   / laurashin   YOUTUBE →    / @unchainedcrypto   LINKEDIN →   / laurashin   ++++++++++++++++ NEW EPISODES OF UNCHAINED EVERY TUESDAY! Apple → https://podcasts.apple.com/us/podcast... Google Podcast → https://www.google.com/podcasts?feed=... RSS Feed → https://unchained.libsyn.com/unchained Spotify → https://open.spotify.com/show/1cJrrfG... Stitcher → https://www.stitcher.com/podcast/forb... TuneIn → https://tunein.com/podcasts/Business-... Youtube →    • Unchained   Website → https://unchainedpodcast.com/category... ++++++++++++++ NEW EPISODES OF UNCONFIRMED EVERY FRIDAY! ++++++++++++ YOUR NO-HYPE RESOURCE FOR ALL THINGS CRYPTO!