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KULiquidGold

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KULiquidGold

Re: Jcbaby1 post# 46092

Tuesday, 06/02/2020 1:39:03 PM

Tuesday, June 02, 2020 1:39:03 PM

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“Buy Bitcoin,” Another Billionaire VC Tells Investors Looking to Escape Massive Deflation

Bitcoin is a hedge in a deflationary cycle, said billionaire venture capitalist Chamath Palihapitiya in a Tuesday morning interview with CNBC.

The Virgin Galactic chairman and Social Capital CEO commended the cryptocurrency for its lack of correlation with traditional markets.

He further cited Paul Tudor Jones, a billionaire hedge fund manager, for taking a similar safe-haven call regarding Bitcoin.

When the question about where investors should put their capital as the economy shrinks popped, Palihapitiya recommended Bitcoin.

https://bitcoinist.com/buy-bitcoin-another-billionaire-vc-tells-investors-looking-to-escape-massive-deflation/


Invest on your own DD! Information I post is generally my opinions, subject to errors and omissions!

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