Chamat Palihapitiya included BTC among "largest investments"

Venture capitalist and CEO of Social Capital Chamath Palihapitiya said that he has been holding investments in Bitcoin since 2012 andcontinues to build them up.

He used the example of Bitcoin to illustrate his next statement on Twitter:

“All great investors have realized one important thing: they focus on the percentage of hard hits. Take the time to understand what you are holding. So deep that you can go for broke if need be. If you achieve this level of conviction, you can measure and expand your position accordingly, so hard hits will do the trick. ”

For example, I’ve made some great bets before but nothing compares to my bitcoin bet in 2012 and sizing up…

SLUGGING PERCENTAGE !!!!

PS, HODL. ?

- Chamath Palihapitiya (@chamath) September 23, 2020

Shortly before this, Palihapitiya had already addressedBitcoin topic. Last week, an investment teleconference was held regarding the listing of Opendoor on the New York Stock Exchange, which for these purposes intends to merge with a specialized company for targeted mergers and acquisitions Social Capital Hedosophia II.

Referring to Social Capital's interest in Opendoor, Palihapitiya stated:

“I believe in them as I believed in some of ourthe biggest bets, be it Bitcoin in 2013, Amazon in 2015, Tesla in 2016, or Virgin Galactic in 2019. We are trying to find companies that we believe are led by outstanding leaders with huge asymmetric growth potential that can deliver 10x over 10 years. I think Opendoor is the next great company along the way. "

In 2018, in the annual letter to investorsPalihapitiya's Social Capital listed Bitcoin as one of the company's "largest investments," along with Amazon and the Golden State Warriors basketball team. Palihapitiya does not specify the exact amount of current investments in Bitcoin. At a crypto conference in 2011, he said he held 100,000 BTC, which he bought at a rate of less than $100 per coin, and in a 2013 conversation with TechCrunch, he said he would invest $10 million to $15 million in cryptocurrency in addition to the $5 million he he already had that moment.

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