{"id":29764,"date":"2020-10-07T17:14:36","date_gmt":"2020-10-07T14:14:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29764"},"modified":"2025-08-27T18:48:55","modified_gmt":"2025-08-27T15:48:55","slug":"opinion-bitcoin-is-the-insurance-that-lets-you-sleep-soundly-at-night","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-bitcoin-is-the-insurance-that-lets-you-sleep-soundly-at-night\/","title":{"rendered":"Opinion: Bitcoin is the insurance that lets you sleep soundly at night"},"content":{"rendered":"<p>Bitcoin remains a hedge against the risks of the traditional financial system and does not correlate with ordinary assets, said Chamath Palihapitiya, founder of the venture capital firm Social Capital.<!--more--><\/p>\n<p><script async src=\\\"https:\/\/telegram.org\/js\/telegram-widget.js?12\\\" data-telegram-post=\\\"forklog\/15363\\\" data-width=\\\"100%\\\"><\/script><\/p>\n<p>In an interview with CNBC he urged not to dwell on the short-term dynamics of Bitcoin, noting that his beliefs run counter to the assumptions that govern the modern world.<\/p>\n<p>Palihapitiya reminded again that 1% of every investment portfolio should be allocated to Bitcoin.<\/p>\n<blockquote>\n<p>&#8216;This is the insurance I use to sleep soundly at night, in case central banks and world authorities blow up on a mine,&#8217; said the founder of Social Capital.<\/p>\n<\/blockquote>\n<p>In his view, it is the &#8216;explosion&#8217; of the traditional financial world that will spur a sharp rise in Bitcoin. If that happens, the cryptocurrency will enable a redistribution of opportunities.<\/p>\n<blockquote>\n<p>&#8216;Finance will become accessible to billions and billions of people. This is the factor that should inspire pride and delight,&#8217; said Palihapitiya.<\/p>\n<\/blockquote>\n<p>Earlier, the founder of Social Capital <a href=\"https:\/\/u1f987.com\/en\/news\/chamath-palihapitiya-nothing-beats-a-bet-on-bitcoin\">stated<\/a> that Bitcoin is the best illustration of a &#8216;winning asset&#8217;.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 the full feed of news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin remains a hedge against the risks of the traditional financial system and does not correlate with ordinary assets, said Chamath Palihapitiya, founder of the venture capital firm Social Capital.<\/p>\n","protected":false},"author":1,"featured_media":29765,"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":[18,1138],"class_list":["post-29764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"5","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29764","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=29764"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29764\/revisions"}],"predecessor-version":[{"id":29766,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29764\/revisions\/29766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29765"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}