{"id":29079,"date":"2020-09-23T15:12:56","date_gmt":"2020-09-23T12:12:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29079"},"modified":"2025-08-27T14:59:01","modified_gmt":"2025-08-27T11:59:01","slug":"chamath-palihapitiya-nothing-beats-a-bet-on-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chamath-palihapitiya-nothing-beats-a-bet-on-bitcoin\/","title":{"rendered":"Chamath Palihapitiya: nothing beats a bet on bitcoin"},"content":{"rendered":"<p>Chamath Palihapitiya, founder of venture-capital firm Social Capital, described Bitcoin as the best illustration of a &#8216;winning asset&#8217;. The billionaire cited the leading cryptocurrency in his musings on investing.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Investing 101: Don\u2019t confuse slugging percentage with batting average.<\/p>\n<p>The former is being the cool kid in high school \u2014 you\u2019re a rare thing and everyone wants to know the secret.<\/p>\n<p>The latter is like going to the prom with your mom. Everyone talks about it, but not kindly.<\/p>\n<p>\u2014 Chamath Palihapitiya (@chamath) <a href=\"https:\/\/twitter.com\/chamath\/status\/1308608231476920321?ref_src=twsrc%5Etfw\">September 23, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Palihapitiya advised following the path of \u201call great investors,\u201d who focus on the \u201cslugging percentage.\u201d He used a baseball term that denotes a batter\u2019s effectiveness, reflecting the share of his potentially productive hits rather than the overall batting percentage.<\/p>\n<blockquote>\n<p>\u201cIt\u2019s better to own a large part of one winning asset than insignificant parts of many others,\u201d stressed the founder of Social Capital.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">All great investors have gotten one big thing right: they focus on slugging percentage.<\/p>\n<p>They know when to capitulate, buy up, when to be \u201crisk on\u201d and ride the winners. They care more about owning a big piece of one winner vs irrelevant pieces in many winners.<\/p>\n<p>\u2014 Chamath Palihapitiya (@chamath) <a href=\"https:\/\/twitter.com\/chamath\/status\/1308608235096559616?ref_src=twsrc%5Etfw\">September 23, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in June, the billionaire described bitcoin as a hedge against the risks to the global economy arising from its low correlation with traditional assets.<\/p>\n<p>Chamath Palihapitiya has previously spoken positively about the leading cryptocurrency. He contends that bitcoin is the best antidote to autocracy, and by 2037 its price will reach $1 million.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chamath Palihapitiya, founder of the venture-capital firm Social Capital, described bitcoin as the best illustration of a &#8216;winning asset&#8217;. The billionaire cited the leading cryptocurrency in his investing musings.<\/p>\n","protected":false},"author":1,"featured_media":29080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,1138],"class_list":["post-29079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29079"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29079\/revisions"}],"predecessor-version":[{"id":29081,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29079\/revisions\/29081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29080"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}