Chamath Palihapitiya to Speak at CoinSummit San Francisco

Chamath Palihapitiya has been announced as the latest addition to the upcoming CoinSummit San Francisco conference.

AccessTimeIconMar 14, 2014 at 6:23 p.m. UTC
Updated Sep 3, 2021 at 10:47 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Noted early tech entrepreneur Chamath Palihapitiya has been added to the speaker list for CoinSummit San Francisco, an upcoming two-day, invitation-only event to be held on 25th and 26th March at the Yerba Buena Center for the Arts.

Palihapitiya, one of the largest individual bitcoin investors and a prominent early executive at Facebook and AOL, joins an already impressive lineup of industry talent that includes keynote speaker and early software pioneer Marc Andreessen; Naval Ravikant, founder of AngelList; Chris Larsen, CEO of Ripple Labs; and Nejc Kodrič, CEO of bitcoin exchange Bitstamp.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Additional speakers include David Lee, partner at SVAngel; Tony Gallippi, CEO of BitPay; Brian Armstrong, CEO of Coinbase; and Jackson Palmer, co-founder of Dogecoin.

    Palihapitiya has emerged as one of the more credible investors advocating for bitcoin in recent months, memorably speaking out on the digital currency's behalf at TechCrunch Disrupt last October.The comments were seen by many as a key vote of confidence at a time when many in the mainstream were questioning whether bitcoin was a speculative bubble that would soon burst.

    In an interview with CoinDesk, Palihapitiya said that bitcoin regulation is a topic he is eager to discuss at the engagement.

    "Figuring out how bitcoin efforts intersect with existing regulators and regulations is now front and center."

    Likewise, Palihapitiya suggested he would also appeal to the ecosystem to rethink its overall business strategy in order to appeal to more mainstream consumers.

    "We need to create a broader, diverse ecosystem of best-in-class point products versus Swiss Army knives. Xapo is a great example of deciding to do one thing really well. Once more companies do this, we will be able to appeal to a broader set of the world."

    The statements support TechCrunch's prediction that Palihapitiya would soon become "one of the most prominent advocates for the digital currency", a development that seems to be coming to pass with his addition to CoinSummit San Francisco.

    What to expect

    For the event, Palihapitiya will be interviewed by Brad Stone, a senior writer for Bloomberg Businessweek and author of The Everything Store: Jeff Bezos and the Age of Amazon. Stone co-authored a feature on bitcoin which made the front cover of a January edition of Bloomberg Businessweek.

    Speaking at TechCrunch Disrupt, Palihapitiya grabbed headlines when he estimated his personal bitcoin holdings to be worth $5m and suggested he would look to double or triple this investment.

    Palihapitiya also suggested that he will continue to champion bitcoin as an investment at CoinSummit.

    "We will have some good tax policy and regulatory oversight that will allow more traditional financial institutions to participate in the ecosystem - irrespective of their view of bitcoin as a currency, commodity or other. BTC is at $10k next year."

    Palihapitiya focused much of the conversation on bitcoin as an investment, as well as the underlying technology, topics that are both likely to be on the docket for CoinSummit.

    About Palihapitiya

    Born in Sri Lanka, Palihapitiya is mostly known for his work at high-profile tech companies, beginning with ICQ Messaging, which was later acquired by AOL. Palihapitiya went on to work on AOL Instant Messenger (AIM).

    Founder and partner at The Social+Capital Partnership, a Palo Alto-based VC fund made up of philanthropists and technologists, Palihapitiya notably invested $15m in Barry Silbert's alternative investment platform SecondMarket, which is working on launching a regulated bitcoin exchange in New York this year.

    Further, he is the current owner of the Golden State Warriors NBA franchise, which has added credibility to rumors that the franchise may accept bitcoin soon.

    As noted in his profile in BusinessWeek, Palihapitiya was integral in helping Facebook grow from just 50 million users to more than 750 million users.

    Bitcoin users can only hope his support helps the digital currency achieve similar results.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.