Travis Kling, founder of Ikigai hedge fund, said that in the current macroeconomic climate, Bitcoin (BTC) has become a unique hedging tool.
Speaking to CNN on September 15, he said that Bitcoin has become an “exceptional insurance policy” that protects against financial and fiscal irresponsibility of central banks and governments.
“The most significant investment opportunity”
A several billion-dollar veteran of a hedge fund told how his interest in cryptocurrencies has developed over the course of a decade of Bitcoin history. With more and more knowledge of digital currencies , Kling recognized Bitcoin as “the most significant investment opportunity.”
If earlier cryptocurrencies were isolated from the traditional financial sector, now, according to Kling, the evolution of bitcoin has become very convincing:
“Now is an incredibly interesting time, given the global macro perspective. Cryptocurrencies seem to be made for our time. Given what we have in monetary and fiscal policy by central banks, governments, and technology giants, it is data privacy issues that are at the center of collective consciousness. ”
According to Kling, independence, globality, limited supply and decentralization of Bitcoin distinguish it as a particularly reliable investment and give it a special place among other cryptocurrencies.
“The most stable money in the history of mankind”
Kling noted that today the world needs bitcoin more than ever, and that tomorrow it will need it even more than today.
“Obviously, all central banks seek to devalue their currencies. Their money depreciates against assets that are clearly in short supply. Bitcoin’s deficit is more provable than gold, and it’s the most stable money in the history of mankind. ”
It seems that the uncertainties in the global economic picture are almost unanimously recognized by analysts around the world.
In July, Delphi Digital, a digital assets research firm, published a report concluding that the current macroeconomic landscape is creating an “ideal storm” that could trigger bitcoin price increases.
In June, a Deutsche Bank spokesman said that the current policy of central banks makes “alternative currencies” more attractive.
Publication date 09/17/2019
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