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Billionaire investor and Virgin Galactic chairman, Chamath Palihapitiya, discussed Bitcoin, climate change, and Silicon Valley in a recent interview. Here are the 8 best quotes | Currency News | Financial and Business News

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November 22, 2020
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Billionaire investor and Virgin Galactic chairman, Chamath Palihapitiya, discussed Bitcoin, climate change, and Silicon Valley in a recent interview. Here are the 8 best quotes | Currency News | Financial and Business News
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Chamath Palihapitiya

Mike Windle/Getty Images for Vanity Fair

  • Investor Chamath Palihapitiya spoke about Bitcoin, local weather change, and Silicon Valley’s tradition of embracing failure in a RealVision interview launched on Friday.
  • The Virgin Galactic chairman and Social Capital CEO additionally tackled matters akin to social media, elite schools, and digital schooling.
  • Scroll down for his eight finest quotes from the interview.
  • Visit Business Insider’s homepage for more stories.

Billionaire investor Chamath Palihapitiya mentioned Bitcoin, local weather change, and Silicon Valley tradition in a RealVision interview filmed on November 16 and revealed on Friday.

The Social Capital chief and Virgin Galactic chairman additionally spoke concerning the energy of social media, criticized elite schools, and known as for adjustments to digital schooling.

Listed below are his 8 finest quotes from the interview, flippantly edited and condensed for readability:

1. “There’s a secret that’s hiding in plain sight in Silicon Valley, which is that if you fail, you be taught.”

2. “All people else factors and laughs and mocks failure. Whereas right here, it’s a actual badge of honor.”

3. “You’re more likely to have The Rock, or Kim Kardashian, or Charli D’Amelio be the following nice politician, than you’re some one who is steeped in coverage and who actually understands what to do” – discussing how social media redistributes energy and affect to those that can harness it.

Learn Extra: Buy these 15 cheap, unheralded stocks that will take off in 2021 thanks to their accelerating sales growth, Jefferies says

4. “The loudest persons are by no means the neatest folks.”

5. “Local weather change has this unbelievable function that it’s a Computer virus for normalization. No person has time to be hacking and blowing issues up and being extremist if you end up centered on financial survival.”

6. “Pragmatist rhetoric is what is going to get your mom and your grandmother to have Bitcoin of their pockets” – suggesting demand for cryptocurrencies can be extra widespread in the event that they’re pitched as hedges or a part of a portfolio relatively than the last word funding.

7. “Locations like Harvard and Stanford are actually corrosive. They’re nugatory. They’ve created a monoculture of check-boxing dipshits. They’re money-management establishments that mainly dole out energy and affect primarily based on acceptance and admittance that simply entrench the moneyed class.”

Learn Extra: ‘I still think there’s a long way to go’: A crypto CEO breaks down why he’s bullish on Bitcoin even after its surge back to $18,000 — and shares the other cryptocurrency he thinks is here to stay

8. “They need to be getting paid greater than an athlete” – calling for the perfect academics to tackle bigger digital lessons whereas college stays closed and be paid much more.



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