Billionaire investor and CEO of venture capital firm Social Capital, Chamath Palihapitiya, says the US can no longer effectively ban Bitcoin and crypto.
In a new All-In Podcast interview, the former Facebook executive says Bitcoin and the rest of the crypto markets have become too large for the US government to put a stranglehold on the emerging industry.
“I think that you can’t wipe $3 trillion of value out of the world. So it’s here to stay, and it’s too institutionalized now. There’s just way too many organized pools of capital that are now speculating inside of this entire ecosystem.
I saw a tweet today. There’s a firm called Jump Trading. It’s like a high-speed frequency trading organization and they tweeted out some pictures