Billionaire Chamath Palihapitya says Bitcoin’s explosive rise will pale in comparison to what’s next

Billionaire venture capitalist and early Bitcoin (BTC) investor Chamath Palihapitya says he believes a number of emerging trends present the biggest opportunity of his investing career.

In a fireside chat at the Wharton School, the CEO of Social Capital said he will spend all of his time working on key global issues over the next two decades.

“That’s where I’m going to direct this fire hose. These power generation problems, these computational problems, these life science problems. There are probably no bigger things to work on.”

Social Capital, Palihapitya’s Menlo Park-based investment firm, has made a number of investments in companies involved in life sciences, clean energy and technology, including:

• Syapse – a company that wants to advance care in the real world
• Proterra – a company that aims to develop buses powered by electric batteries
• Groq – a company trying to accelerate workloads in artificial intelligence.

According to Palihapitiya, solving these problems could generate trillions of dollars in wealth to be shared among investors. He stresses that those who understand the trends would be “incredibly wealthy and rich.”

He also says these issues could present a greater opportunity than his Bitcoin accumulation more than a decade ago when BTC was trading at around $100.

“My perceptive senses tell me this is the biggest opportunity of my investing career and I’ve never felt like this. I didn’t even feel that way about bitcoin. I was the guy who owned 5% of those things in 2011. My average dollar cost was $90 or $100 even knowing that was going to win. I’m telling you that will pale in comparison.”

At the time of writing, Bitcoin is trading at $23,577, a staggering 23,477% increase from its 2011 price.

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