{"id":11330,"date":"2020-07-05T05:56:19","date_gmt":"2020-07-05T05:56:19","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=11330"},"modified":"2020-07-15T10:11:18","modified_gmt":"2020-07-15T10:11:18","slug":"news-commentary-1103-bitstil-about-bitcoin-as-insurance-against-governments","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=11330","title":{"rendered":"News Commentary #1,103 &#8211; BitStil About Bitcoin As Insurance Against Governments"},"content":{"rendered":"\n<p><strong>According to the<\/strong> <strong>billionaire CEO of Social Capital and Virgin Galactic Chairman..<\/strong><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/emilynews.com\/link.php?id=1367\" target=\"_blank\">BitStil <\/a>(reviewed <a rel=\"noreferrer noopener\" href=\"https:\/\/emilynews.com\/blog\/?p=10890\" target=\"_blank\">here<\/a>) just came with another update from financial world and cryptocurrencies. In fact, this update has nothing to do with the project itself, but such updates are still important for all HODLers \/ Hyip investors from a fundamental point of view. I believe that there are almost no Hyip investors who would NOT be interested in cryptocurrency news &#8211; this is, firstly. Secondly, such news is another reason to check the program, visit it and see its activity. The more activity, the more credibility on the part of the EN community and all investors around it.<\/p>\n\n\n<p><a href=\"http:\/\/emilynews.com\/link.php?id=1367\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10853\" src=\"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl468.gif\" alt=\"\" width=\"468\" height=\"60\"><\/a><\/p>\n<p><span class=\"tlid-translation translation\" lang=\"en\"><span class=\"\" title=\"\">Below is a <a href=\"https:\/\/emilynews.com\/link.php?id=1367\" target=\"_blank\" rel=\"noreferrer noopener\" data-rich-text-format-boundary=\"true\">BitStil <\/a> program update for members:<\/span><\/span><\/p>\n<div class=\"main-text\">\n<blockquote>\n<h3>People need bitcoin as insurance against bad legislation.<\/h3>\n<p><strong>Chamath Palihapitiya<\/strong>, <strong>the billionaire CEO of Social Capital and Virgin Galactic Chairman<\/strong>, has called <strong>Bitcoin<\/strong> a type of disaster insurance against governments making bad financial decisions.&nbsp;<\/p>\n<div>In an interview with Unchained Podcast on June 23, Palihapitiya said hard-working people need something like Bitcoin as insurance, as the cryptocurrency is \u201creally fundamentally uncorrelated\u201d to the consequences of legislators behaving badly.<\/div>\n<div>&nbsp;<\/div>\n<div>However, the CEO pointed out that for the Bitcoin price to skyrocket at this point, things would have to go terribly wrong in the financial system, with disastrous impacts on your friends and family.&nbsp;&nbsp;<\/div>\n<div>&nbsp;<\/div>\n<div>Palihapitiya himself invested in 2010, by buying one million Bitcoin for $80, whose value reached the billions when the token had its all-time high in December 2017.&nbsp;<\/div>\n<div>&nbsp;<\/div>\n<div>No wonder the billionaire claims that Bitcoin (BTC), unlike \u201csecond- and third-tier\u201d cryptocurrencies like Ethereum (ETH), is one of the few ways to get a \u201cmassive asymmetric payoff\u201d from such a small investment.&nbsp;<\/div>\n<div>&nbsp;<\/div>\n<div>\u201cYou want to be sure that a small amount of insurance can basically make you whole,\u201d Palihapitiya said, citing a $1,000 payoff for a $1 investment as a good example. \u201cThat\u2019s why I just think that, you know, you should take 1% of your portfolio, put it in Bitcoin.\u201d<\/div>\n<div>&nbsp;<\/div>\n<div>\u201cAt the end of the day, any other asset class \u2014 equities, debt, real estate, commodities \u2014 they\u2019re all tightly, tightly coupled to a legislative framework and an interconnectedness in the financial markets that brings together many of the governments that are sort of behaving this way.\u201d<\/div>\n<div>&nbsp;<\/div>\n<div>The billionaire has also speculated the value of Bitcoin in the future could reach millions of dollars, or drop to zero.<\/div>\n<div>&nbsp;<\/div>\n<div><strong>Join <span class=\"tlid-translation translation\" lang=\"en\"><span class=\"\" title=\"\"><a href=\"https:\/\/emilynews.com\/link.php?id=1367\" target=\"_blank\" rel=\"noreferrer noopener\" data-rich-text-format-boundary=\"true\">BitStil<\/a><\/span><\/span> and bring your life quality to a whole new level!<\/strong><\/div>\n<\/blockquote>\n<\/div>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN <strong>Main<\/strong> web <strong>Chat<\/strong> for Hyip \/ Crypto discussions &#8211; <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for your Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br>Simply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/emilynews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Twitter<\/strong><\/a><br>or Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN &#8211; please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>","protected":false},"excerpt":{"rendered":"<p>According to the billionaire CEO of Social Capital and Virgin Galactic Chairman.. BitStil (reviewed here) just came with another update from financial world and cryptocurrencies. In fact, this update has nothing to do with the &hellip; <a title=\"News Commentary #1,103 &#8211; BitStil About Bitcoin As Insurance Against Governments\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=11330\"><span class=\"screen-reader-text\">News Commentary #1,103 &#8211; BitStil About Bitcoin As Insurance Against Governments<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4339,4338,4332,4190,4195,4192,4191,4193,3611,4202],"class_list":["post-11330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-best-crypto-insurance","tag-bitstil-bitcoin","tag-bitstil-crypto-invest","tag-bitstil-hyip","tag-bitstil-info","tag-bitstil-news","tag-bitstil-scam-or-paying","tag-bitstil-update","tag-crypto-news","tag-https-bitstil-com-refemilynews","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,103 - BitStil About Bitcoin As Insurance Against Governments - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=11330\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,103 - BitStil About Bitcoin As Insurance Against Governments - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"According to the billionaire CEO of Social Capital and Virgin Galactic Chairman.. 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