Chamath has a blind spot in regards to the landscape of reserve assets. The US - via debasement and weaponization - has forced its counterparts to seek alternatives to the USD.
Bitcoin is the only solution. It removes debasement and counterparty risk.
Chamath is a ball-licker
his brain is caught in the fiat loop. probably his rich bias.
Chamath has a blind-spot from coke-fueled Vegas trips in 2012ish when he bought $1million in Bitcoin then forgot he did it.
True story, his own words.
(details enhanced for dramatic effect)
What are you smoking Marty? The counterparts of the US have currencies that are debasing at a much faster rate than the dollar. The dollar IS their better alternative.
How much of global gdp will opt out of dollar trade system?
https://www.youtube.com/watch?v=0nUB1LfUzLI&pp=ygUMY2hhbWF0aCAyMDEz
Never forget #chamath #Fiat
