Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Cinno3 on October 09, 2020, 08:35:32 PM
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Chamath Palihapitiya has become one of the most prominent investors of the past few years due to his use of special-purpose acquisition companies (SPACs). He made headlines when he brought Richard Branson’s Virgin Galactic public through a SPAC.
While a pioneer in venture investing, he’s also big on Bitcoin.
He, alongside a few partners, was rumored to have owned five percent of all BTC in circulation in 2012, meaning they likely held somewhere around 300,000 coins. No comments have been made about what happened to those coins, and it’s unclear if that Bitcoin is a part of his personal holdings or that of his massive venture fund Social Capital.
More: https://cryptoslate.com/billionaire-investor-chamath-palihapitiya-doubles-down-on-bitcoin-in-cnbc-interview/