Major venture capitalist Chamath Palihapitiya recently stated during an appearance on the All-In podcast that crypto is now dead in the U.S.[0] This is a significant shift in his views, as he had previously predicted that Bitcoin would climb to $200,000 and had called it the new gold.[1] Palihapitiya believes that the recent regulatory developments in the U.S. have contributed to the downfall of the crypto industry.[2] He stated that crypto companies were the ones that pushed the boundaries more than any other sector of the startup economy and were probably the most threatening to the establishment. They are currently facing the consequences of their actions.[3] The bill has come due for them,”So yeah, now they’re paying the price for that.[3] The bill has come due for them,”Operation Choke Point 2.0,”Operation Choke Point 2.0,”continued regulatory uncertainty.”continued regulatory uncertainty.”brute force”brute force
0. “America to close its crypto market: Reports” The Financial Express, 25 Apr. 2023, https://www.financialexpress.com/business/blockchain-america-to-close-its-crypto-market-reports-3061255/
1. “‘Crypto Is Dead In America’: Is Tech Guru Chamath Palihapitiya Overreacting, Or Is The End Near? – Coinba” Benzinga, 24 Apr. 2023, https://www.benzinga.com/markets/cryptocurrency/23/04/31971535/crypto-is-dead-in-america-is-tech-guru-chamath-palihapitiya-overreacting-or-is-the-end-nea
2. “Is crypto dead? Chamath Palihapitiya just said it is. Here’s who he blames.” The Business Journals, 24 Apr. 2023, https://www.bizjournals.com/sanfrancisco/inno/stories/news/2023/04/24/is-crypto-dead-chamath-palihapitiya-blames-sec.html
3. “The SPAC King proclaims crypto dead in the US, but others see new rally coming” Business Insider, 25 Apr. 2023, https://www.businessinsider.com/crypto-dead-bitcoin-prediction-100000-2024-chamath-palihapitiya-cryptocurrency-podcast-2023-4
4. “Chamath Palihapitiya: “Crypto is dead in America”” Inside Bitcoins, 25 Apr. 2023, https://insidebitcoins.com/news/chamath-palihapitiya-crypto-is-dead-in-america
5. “Popular Tech Investor Chamath Palihapitiya Says ‘Crypto Is Dead in America’” Coinspeaker, 25 Apr. 2023, https://www.coinspeaker.com/chamath-palihapitiya-crypto-america
6. “VC firm Paradigm criticizes SEC’s ‘brute force’ regulation policy, details inside” AMBCrypto News, 21 Apr. 2023, https://ambcrypto.com/vc-firm-paradigm-criticizes-secs-brute-force-regulation-policy-details-inside
7. “‘Crypto is dead in America’ thanks to regulators, says investor Chamath Palihapitiya, who once thought Bitcoin could hit $200,000” Yahoo Finance, 25 Apr. 2023, https://finance.yahoo.com/news/crypto-dead-america-thanks-regulators-082014082.html
8. “Crypto Exchanges 2x More Valuable In The US, Here’s Why” Bitcoinist, 24 Apr. 2023, https://bitcoinist.com/messari-founder-weighs-crypto-exchanges-migration