Why Billionaire Chamath Palihapitiya Invested In The Solana Ecosystem
A top performer in the crypto market, Solana (SOL) continues to attract attention from institutional investors and strengthen its fundamentals for future gains. In that sense, the ecosystem build on top of this network seems poised to become the prime contender to take over a portion of Ethereum’s market share. Related Reading | Solana Breaks $80 Barrier, Why It Could Still Climb 4x From Here Billionaire and early Bitcoin investors Chamath Palihapitiya recently revealed a co-leading position in Syndica, a Solana’s infrastructure developer, seeding round. The investment was made via....
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Solana (SOL) was put in the spotlight after a clip from a big tech investors’ podcast, such as Chamath Palihapitiya, showed them joking about buying SOL with discounts and their intentions for its future. Many saw this as an open example of venture capitalists manipulating prices on the market and further damaging projects. The podcast […]
In a wide-ranging, pointedly honest and often funny on-stage interview with Bloomberg BusinessWeek writer Brad Stone at CoinSummit San Francisco on Wednesday, 26th March, venture capitalist and former Facebook and AOL executive Chamath Palihapitiya reflected on the future of bitcoin and on the changes the bitcoin ecosystem is undergoing right now. Though he had just flown in from Toronto for day two of CoinSummit San Francisco, Chamath Palihapitiya immediately opened his fireside chat on 26th March with a quote that arguably summed up the feeling of the conference, saying "I feel like I've....
Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm. Billionaire Chamath Palihapitiya has sold 15% of his position in the crypto and stock trading platform and finance company SoFi. The company went public earlier this year through a merger with a blank-check company led by Palihapitiya, and was valued originally at $8.65 billion and now has a market cap of $17.04 billion.Palihapitiya, a Bitcoin billionaire and former senior executive at Facebook, confirmed his move to sell SoFi stock via a tweet on Nov. 19. 1/....
Early Bitcoin investor Chamath Palihapitiya is eying running for governor of California. Early Bitcoin investor and industry proponent Chamath Palihapitiya has signaled a potential run for the position of California governor.The CEO of venture capital firm Social Capital, Chamath Palihapitiya, appeared to announce his intentions in a Tweet on January 26. The post linked to his new website with a number of promises for the U.S. state including massive tax cuts, an increase for teacher’s salaries, the end of student loans, and a handout for new births.Palihapitiya appears to be gearing up....
Former Facebook and AOL executive Chamath Palihapitiya has updated his projection on wallet downloads in 2014. In January, Palihapitiya, who is one of the largest individual owners of bitcoin, had predicted 11.5 million wallet downloads, but after the bitcoin price stabilised below $500 in the first quarter of the year, he has readjusted his forecast to 7.3 million. He shared this information via a tweet last night: If you are wondering why USD/BTC is depressed, here is our internal projection of wallets thru EOY 2014... pic.twitter.com/Fh23kFBolw. - Chamath Palihapitiya (@chamath) April....