About five months ago, the VC Chamath Palihapitiya made the case for Bitcoin as the ultimate insurance, a “bet against the ruling class”
“So [Bitcoin] is almost like a bet against the ruling class in some ways and making sure you have a small amount of insurance because… insurance is not something that pays off 50 cents to the dollar, insurance is something that pays off… 1000 bucks to a buck. You want these massive, massive asymmetric payoffs because you want to be sure that a small amount of insurance can basically make you whole… that’s why I just think that… you should take 1% of your portfolio, put it in Bitcoin, never look at it.”