• The popular podcast host and venture capitalist, Chamath Palihapitiya, has expressed his disappointment in the current state of the crypto industry.
• According to Palihapitiya, regulators have pointed their guns at crypto companies in America and this has stifled growth.
• Despite this, Palihapitiya still believes in Bitcoin’s potential and its march to 200k.
Chamath Palihapitiya on Crypto’s Future
Host of the popular podcast “All In” and seasoned venture capitalist Chamath Palihapitiya has been a long-time believer in fledgling companies and causes. During his career, he has invested in successful companies such as Slack and Yammer, as well as being a senior executive at Facebook. Recently however, he shared his opinion that crypto is dead in America.
Regulators Point Guns at Crypto Companies
As reported by CNBC, Palihapitiya expressed his disappointment in the current state of the crypto industry due mainly to regulators pointing their guns at crypto companies. He believes that these companies have pushed boundaries more than any other sector of the startup economy.
Still Believing in Bitcoin’s Potential
Despite this pessimism surrounding the current state of affairs for cryptocurrencies, Palihapitiya still believes strongly in Bitcoin’s potential and its march to 200k.
Trading Cryptocurrency: Is it Worth It?
The answer really depends on your risk tolerance and knowledge when it comes to trading cryptocurrencies. If you are a complete newbie with no experience whatsoever then it would be wise to take some time to understand how cryptocurrency works before investing any money.
On the other hand if you are an experienced trader who is comfortable with taking risks then there could be some potential gains from trading cryptocurrencies.
It all boils down to understanding what you are doing before deciding whether or not trading cryptocurrency is worth it for you.
Conclusion
Although Chamath Palihapitiya appears pessimistic about crypto’s future within America, he still firmly believes that Bitcoin will reach $200k one day. Trading cryptocurrency can be risky but with enough knowledge and experience there could be some potential gains if done correctly.