The famous billionaire Chamath Palihapitiya gave important warnings to investors and turned his eyes to 4 altcoin projects. Chamath Palihapitiya states that investors should consider the functionality and use-case value before investing their money in altcoin projects. Cryptocoin. com, we have compiled the details for you, let’s examine the subject together…
Chamath Palihapitiya warns investors: Heed these!
Chamath Palihapitiya, CEO of venture capital firm Social Capital, thinks people should be aware that big names like Elon Musk and Jeff Bezos are selling their shares. Chamath Palihapitiya adds the following to his comments on the subject:
Our stock market is at all-time highs, our cryptocurrency is at all-time highs, our art markets are at all-time highs. Inflation is at its highest in 30 years. We’ve got the weird trillions of dollars we approved in Congress last week, and we’re still trading for another $1.8 trillion stimulus scheme… The two most important founders of our generation, the two truly smartest people who consistently earn, Elon Musk and Jeff Bezos, total 11 million dollars this year alone. they’ve sold over a billion dollars’ worth of shares… If the smartest people in the world are now selling their core assets that they said they’d never sell to you, and you don’t reconsider your position on things, you’re either way smarter than they are, or you’re really, really reckless.
Chamath Palihapitiya: Ethereum silver and Solana…
Chamath Palihapitiya states that when moving to cryptocurrencies, investors should consider the functionality and use-case value before investing their money in altcoin projects. Chamath Palihapitiya adds the following to his comments on the subject:
Bitcoin is gold, Ethereum seems to tend to be silver, and Solana could be the first of any real developer ecosystems to build on. But there will be others who will come after him.
Chamath Palihapitiya: Strong potential appears in these 2 altcoin projects!
Chamath Palihapitiya refers to the wireless gateway Blockchain project Helium (HNT) and the distributed GPU project Render Token (RNDR). Chamath Palihapitiya adds the following to his comments on the subject:
Helium is an interesting project trying to build a fully decentralized 5G infrastructure. Render… a completely decentralized graphics rendering fabric, essentially trying to render GPUs. In both of these, you can economically measure what the value people get is numerically. In the case of rendering, you are basically modifying an instance of AWS Amazon Web Services. It has a price and value. There is an economic value that the render replaces for it to be valuable. If you’re joining a Hotspot, it has an economic value that you don’t necessarily have to pay to get an internet connection if you’ve suddenly joined the Helium network. This replaces a measurable economic quantum. Understanding this and taking its absolute value is the best way to understand which projects have potential… Where is developer interest and where is there measurable economic activity? At the intersection of these, really challenging projects come into play.
