Carl Icahn, Billionaire investor Sees Bitcoin As The Best Hedge For inflation

0
42
Willy Woo

Carl Icahn comments go in line with Federal Reserve Chairman Jerome Powell’s. Notably, He notes that inflation is rising along with supply issues.

Furthermore, Carl Icahn warns that the next market crisis may be close. Then, He goes on to state that Bitcoin may be the best hedge against inflation.

Additionally, as the United States government continues testing the economy, Icahn notes that the dollar is losing its value. Also, noting that the price of goods is rising.

Icahn elaborates,
“In the long run we are certainly going to hit the wall…”
“I really think there will be a crisis the way we are going, the way we are printing money,..”
“the way we are going into inflation. If you look around you,..”
“you see inflation all around you and I don’t know how you deal with that in the long term.”


Icahn tells CNBC.

Furthermore, Carl Icahn opinions is supporting that of Federal Reserve Chairman Jerome Powell’s. Especially, when he mentions that inflation is rising along with supply issues,

“As the economy continues to reopen and spending rebounds, we are seeing…”
“upward pressure on prices, particularly due to supply bottlenecks in some sectors,”

More so, Powell continues

“These effects have been larger and longer lasting than anticipated,..”
but they will abate, and as they do,..”
“inflation is expected to drop back toward our longer-run 2% goal.”


Additionally, Billionaire Investor Icahn says that pouring billions in cryptocurrencies this year. However, He’s still yet to declare a position in this market. Meanwhile, Ryan Adams, founder of crypto investment firm Mythos Capital and Bankless suspects that Icahn may have a position.

Lastly, Carl Icahn believes there can be an alternative to investing in the stock market. Then, describes bitcoin and cryptocurrencies as the right investment.

“We got a lot of smart guys working at Icahn & Company, and we just don’t understand bitcoin…”
“I’m not saying it’s bad or good, I’m just saying we don’t understand it…”
“We’re not going to invest in something we don’t get […]”
“The jury is really out on whether bitcoin has intrinsic value or acts as a store of value…”
“If inflation gets rampant, I guess it does have value…”
“There are so many variables, it is a very difficult thing to invest in.”

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here