Is this the start of a revolution? After all, all it takes is one man to light the fire in a time of crisis.
Chamath Palihapitiya, the CEO of Social Capital, an avid supporter of Bitcoin and the general crypto world gave the CNBC Fast Money Halftime Report team a quick schooling in the workings of the share market and the global economy during the time of the Covid-19 as opposed to the US government bailing out big companies, key market players and big corporations, while letting the average person fend on his own.
He made a quick parallel between what is and has been happening, and what should actually happen if you follow rationality and if you go by the book and relative logical theory on society and economics.
This is not the first time Chamath Palihapitiya has made his opinion on things very blunt and clear, and his directness seems to be a quality that many people find refreshing. Being also known as one of the early senior executives at Facebook, from 2007 to 2011, Chamath, a successful venture capitalist coming from humble beginnings went ahead and said something that rings true to a big part of what the average person thinks every once in a while, when asked what he thinks about the big companies and corporations during the crisis.
We’re talking about a hedge fund that serves a bunch of billionaire family offices? Who cares? Let them get wiped out! Who cares! They don’t get the summer in the Hamptons? Who carees?
What do you think about his opinion? Do you agree?
You can see the video sequence below.
And you can find the full interview here: https://www.youtube.com/watch?v=NvEWez59fbI