⸺ Bull case · December 12, 2017 ⸺
Chamath Palihapitiya
Founder, Social CapitalInvestor
“I think it is in the next 20 years a million dollars a coin.”
Price at the call
$17,084
Today
$61,577
Target · ~2037 (20 years)
$1M
Boldness of the call×58.5
Progress to target5%
Needs another ×16.2 from today’s $61,577.
If you’d listened
×3.60
+260% since the call
Annualized audacity
23%/yr
required return per year
Skin in the game
60/100
Put hundreds of millions into BTC as an early institutional believer.
An ultra-early institutional believer who put hundreds of millions into BTC and called it 'gold 2.0.' His December 2017 CNBC call paired a near-term $100k with a 20-year $1M — still pending, with over a decade left on the clock.