Billionaire investor and "All In" podcast co-host Chamath Palihapitiya said this week that his opinion of President Donald Trump changed after he reviewed original source material rather than relying on media coverage, telling a CNBC audience that he believes earlier reporting had misrepresented the president, as reported by the Gateway Pundit.

Palihapitiya, who manages an investment portfolio worth billions of dollars and co-hosts the "All In" podcast with David Sacks, made the remarks during a CNBC appearance while discussing political polarization and media coverage.

Although he has worked alongside Sacks, who serves as President Trump's Bitcoin Czar, Palihapitiya said he was previously critical of Trump and now believes his earlier views were based on inaccurate information.

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"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," Palihapitiya said.

He continued by explaining why he believes Americans should examine original statements and events for themselves.

"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."

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"Two, why did these other people just fabricate what they wanted to say so that they could essentially assassinate his character?"

Palihapitiya said he believes the issue extends beyond politics and raises broader concerns about public trust.

"I think that second thing is completely unacceptable in America, and there have still been no repercussions, really."

The investor said he eventually decided to examine the underlying material himself rather than relying on commentary about it.

"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."

According to Palihapitiya, that process ultimately led to a conversation with President Trump.

"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.'"

He added, "Then I got to know him, and he is fantastic."

Video of the CNBC interview circulated widely on social media following the appearance, with several users highlighting Palihapitiya's comments about reviewing original source material before forming conclusions.

Another clip from the same interview focused on political reactions to financial products associated with President Trump.

Palihapitiya criticized the idea of refusing to open a savings account for a child solely because it carries Trump's name.

According to the video posted online, he described that decision as "INSANE!"

Palihapitiya's comments come as debates over media credibility, political polarization, and public confidence in news coverage continue to be discussed ahead of the 2028 election cycle.

Best known for his work in venture capital and technology investing, Palihapitiya has frequently commented on public policy, economics, and politics through the "All In" podcast.

His latest remarks represent one of his strongest public statements regarding his changed opinion of President Trump, crediting his shift to reviewing original material and personal interactions with the president rather than relying on secondary reporting.

The CNBC interview generated widespread attention online, with supporters and critics alike sharing excerpts of Palihapitiya's remarks across social media platforms following the broadcast.

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