Billionaire venture capitalist Chamath Palihapitiya has identified some of the most promising trends of his investing career, bigger than apex crypto Bitcoin BTC/USD.
What Happened: Social Capital CEO Palihapitiya said that the immense potential of the energy-generation, computing and life sciences industries could generate trillions of dollars worth of wealth around the globe, during a fireside chat at Wharton School. “There are probably no bigger things to work on,” he said.
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Palihapitiya emphasized that these issues could present a much bigger opportunity than his Bitcoin accumulation of more than a decade ago when BTC was trading for less than $100.
“That is what my spidey senses tell me is the greatest opportunity of my investing career, and I have never felt this way before. I didn’t even feel this way about Bitcoin. I was the guy that owned 5% of these things in 2011. My dollar-cost average was like $90 or $100 even when I knew that that was going to win. I’m telling you that that is going to pale in comparison to this,” Palihapitiya added.
Price Action: At time of writing, Bitcoin is trading for $23,377, up 0.90% in the last 24 hours, according to Benzinga Pro data.
Photo: Courtesy of Wikimedia Commons
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