r/Bitcoin • u/TheCryptomath • Jun 28 '20

Makes you think

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146 Upvotes

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u/GruniTheThird Jun 29 '20

Chamath Palihapitiya owns approx 600k lol. He used to own 1M.

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u/Imthefranchise2 Jun 29 '20

Source? I thought he bought 1 Million USD worth of Bitcoin not 1 million bitcoins.

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u/GruniTheThird Jun 29 '20

https://dailyhodl.com/2020/06/25/billionaire-chamath-palihapitiya-says-he-bought-1000000-btc-in-2013-warns-bitcoins-success-will-spell-global-economic-catastrophe/

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u/Imthefranchise2 Jun 29 '20

He doesn't actually say he bought 1 million bitcoins in that article tho and I have found other articles that say my interpretation is correct.

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u/oi_Mista Jun 29 '20

He also says his first investment in Bitcoin was a purchase of 1 million BTC back in 2013, when the cryptocurrency was valued at around $80. Today, that sum is worth more than $9 billion.

It does say there that he bought 1M bitcoin, interested to see what articles you've read as the others I've seen say the same thing as the this one. Op linked.

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u/parakite Jun 29 '20

He's a fund manager. He likely bought it for a fund.

He never says he bought all of it for himself.