Billionaire: Bitcoin is a ‘bet against the ruling class’

Bitcoin, billionaire

The Canadian-American billionaire Chamath Palihapitiya called bitcoin insurance against a potential economic catastrophe. Speaking in an interview on the Unchained Podcast, Palihapitiya recommended investors allocate 1% of their portfolio to Bitcoin as a hedge against a greater financial collapse. Palihapitiya, founder and chief executive officer of the venture capitalist firm Social Capital, warned against governments