Chamath Palihapitiya is an investor who manages a portfolio worth billions of dollars. He also co-hosts the ‘All In’ podcast with David Sacks, Trump’s Bitcoin Czar.
Despite his relationship with Sacks, he was not a fan of President Trump, and now admits that he suffered from Trump Derangement Syndrome.
During an appearance on CNBC this week, he explained how he changed his mind about Trump and offers his story as advice for others.
Transcript via Real Clear Politics:
CHAMATH PALIHAPITYA: There are enough people that I hear who are lazy and reductive, and they’re going to end up where they’re supposed to end up—in a little cul-de-sac of their own making.
The reality is that most of us were lied to by the media about President Trump. If you just go back to the source material, you should take away two things.
One, he didn’t say half the things they said he said.
Two, why did these other people just fabricate what they wanted to say so that they could essentially assassinate his character?
I think that second thing is completely unacceptable in America, and there have still been no repercussions, really.
I took the time to learn about it. I admitted on the pod—which has millions of viewers—that I got it totally wrong, because I went and watched Charlottesville.
The first person to call me was President Trump. I got to know him, and when I put the phone down, I called my wife and said, “We got it totally, totally wrong. We were lied to.”
Then I got to know him, and he is fantastic.
Watch the video below:
This is one of the most important moments ever aired on CNBC.
Billionaire investor Chamath Palihapitiya says the media lied to millions of Americans about President Trump, and that after going back to the original source material, he realized he had been completely misled about… pic.twitter.com/8ctKSd89kW
— Overton (@overton_news) July 14, 2026
Here’s another clip from the same appearance:
Chamath Palihapitiya takes a sledgehammer to Trump Derangement Syndrome live on CNBC.
Palihapitiya said refusing to open a savings account for your own child simply because it’s associated with President Trump is “INSANE!”
PALIHAPITIYA: “Now, can I just say something else?”… pic.twitter.com/k5F1WZKJgj
— Overton (@overton_news) July 14, 2026
People simply need to be rational and reasonable. It’s not that difficult.
Hopefully, Mr. Palihapitiya can serve as an example to others.
Mike LaChance has been covering higher education and politics for Legal Insurrection since 2012. Since 2008 he has contributed work to the Gateway Pundit, Daily Caller, Breitbart, the Center for Security Policy, the Washington Free Beacon, and Ricochet. He has also written for American Lookout, Townhall, and Twitchy.
You can email Mike LaChance here, and read more of Mike LaChance’s articles here.
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