BlackRock's iShares Bitcoin Trust ETF providing investors regulated exposure to Bitcoin's price.Yahoo Finance ↗
A crypto asset, not a company — priced via the IBIT ETF as a clean proxy. Excluded from the index and host funds.
5 takes · first discussed May 31, 2024 · last Mar 8, 2025
Click a call to see the price move since it aired.
Chamath views Bitcoin as the top risk-asset trade he called at the start of the year, treating it currently as a dollar-correlated gold proxy rather than an independent store of value, while believing it will eventually become a non-speculative store of value within his lifetime.
Sacks has been long Bitcoin since 2011 (~$120), views it as uniquely decentralized, secure, and widely accepted as digital gold, and now as White House crypto czar is architecting a strategic Bitcoin reserve that prohibits the government from selling it.
Friedberg says he is long Bitcoin as part of his inflation-hedge basket alongside gold and commodities.
All four hosts are bullish on Bitcoin, with Chamath, Friedberg, and Sacks each expressing high conviction across multiple points in time. The dominant shared thesis is that Bitcoin is the premier inflation hedge, with Chamath going furthest in arguing it will displace gold and serve as a hard-asset reserve currency over the next 50–100 years amid dollar debasement, while Friedberg holds it more pragmatically as part of a broader inflation-hedge basket alongside gold and commodities. Sacks, speaking from his role as White House crypto czar, grounds his conviction in Bitcoin's unique decentralization and lack of an issuer, framing it as digital gold and actively architecting a U.S. strategic reserve that bars the government from selling it. There is no meaningful disagreement among the hosts, though Chamath adds a nuance in his November 2024 entry — acknowledging that Bitcoin currently trades as a dollar-correlated gold proxy rather than a fully independent store of value, while expecting that to change over time.
Chamath views Bitcoin as the top risk-asset trade he called at the start of the year, treating it currently as a dollar-correlated gold proxy rather than an independent store of value, while believing it will eventually become a non-speculative store of value within his lifetime.
what did I say at the beginning of the year was going to be the biggest risk asset winning trade? Yeah, it's great. Bitcoin's great.”14:02
Sacks has been long Bitcoin since 2011 (~$120), views it as uniquely decentralized, secure, and widely accepted as digital gold, and now as White House crypto czar is architecting a strategic Bitcoin reserve that prohibits the government from selling it.
Bitcoin's the original cryptocurrency… It's the only one that doesn't have an issuer. It's very decentralized… I remember back in 2011, I think it's the first time I bought a Bitcoin. I think it was at $120. Now it's at $90,000.”1:40:37