{"id":389337,"date":"2019-07-09T14:18:24","date_gmt":"2019-07-09T14:18:24","guid":{"rendered":"https:\/\/wncen.com\/?p=389337"},"modified":"2019-07-09T14:18:24","modified_gmt":"2019-07-09T14:18:24","slug":"venture-capitalist-bitcoin-economic-hedge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/venture-capitalist-bitcoin-economic-hedge\/","title":{"rendered":"Venture Capitalist: Bitcoin is the Single Best Hedge Against Traditional Finance"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">As the entire world braces for a potential economic crash in the face of looming trade wars, inflated fiat currencies, and booming debt, <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> is showing signs that it is living up to its expectation that it could become an economic hedge due to its scarcity and deflationary design.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">It\u2019s even showing a <a href=\"https:\/\/wncen.com\/2019\/07\/04\/bitcoin-gold-safe-haven-asset\/\">direct correlation to other safe haven assets such as gold, the Japanese yen, or the Swiss franc<\/a>. But it may even be a better hedge than that. In fact, one venture capitalist says that Bitcoin is the \u201csingle best hedge against the traditional financial system.\u201d<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Bitcoin: Best Economic Hedge Or Money Under the Mattress?<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Since the start of 2019, Bitcoin has brought investors over 300% gains and is the best performing asset of the entire year thus far. It rose from bear market lows at $3,200 to go on yet another parabolic run towards $14,000 where it was stopped abruptly and is currently consolidating under resistance \u2013 a potentially bullish period of reaccumulation following a powerful markup phase.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/07\/04\/bitcoin-gold-safe-haven-asset\/\">Mainstream Finance Is Now Considering Bitcoin As a Safe Haven Asset\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The move could be being driven by Bitcoin finally being recognized by institutional investors and the global investing community for its potential use as an <a href=\"https:\/\/wncen.com\/2019\/07\/04\/bitcoin-gold-safe-haven-asset\/\">economic hedge<\/a>. And with a trade war between the United States and China putting pressure on the already fragile financial fabric of the global economy, the biggest economic crash the world has ever seen may be in the future.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Thus, Bitcoin is beginning to shine.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u201cIt\u2019s the single best hedge against the traditional financial system\u201d <a href=\"https:\/\/twitter.com\/chamath?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@chamath<\/a> on appeal of bitcoin <a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#btc<\/a> <a href=\"https:\/\/t.co\/gIkB38B4X0\" rel=\"nofollow\">pic.twitter.com\/gIkB38B4X0<\/a><\/p>\n<p>&mdash; Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/37429249?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 9, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">While speaking on <a href=\"https:\/\/twitter.com\/SquawkCNBC\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">CNBC\u2019s Squawk Box<\/a>, venture capitalist and CEO of Social Capital Chamath Palihapitiya told host Joe Kernen \u2013 who recently has come around to Bitcoin himself \u2013 that Bitcoin is the \u201csingle best hedge against the traditional financial system.&#8221;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Kernen concurred, saying that he believes that the distributed ledger technology Bitcoin is based on \u201cimbues more inherent value on something than a government does.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Palihapitiya\u2019s comments after that aren\u2019t the most appealing for Bitcoin, as he calls it the \u201cschmuck insurance you have under your mattress.\u201d It\u2019s not exactly flattering for Bitcoin, but the analogy makes sense.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/07\/09\/bitcoin-performing-asset-100000\/\">BTC is the Best Performing Asset, Path to $100,000 is Easy To See<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">People often stick money in or under their mattress for safe keeping <em>just in case<\/em>. Bitcoin sitting in an encrypted wallet online is the digital equivalent of the physical act of storing money in a mattress.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Bitcoin is currently trading at $12,500 and struggling with overhead resistance. A break above the previous high of $13,800 would likely mean a run for a new all-time high, while a break below $10,000 could cause concern over the structure of the next bull market. Either way, these are critical times for Bitcoin and the narrative of it becoming a global economic hedge.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the entire world braces for a potential economic crash in the face of looming trade wars, inflated fiat currencies, and booming debt, Bitcoin is showing signs that it is living up to its expectation that it could become an economic hedge due to its scarcity and deflationary design. It\u2019s even showing a direct correlation to other safe haven assets such as gold, the Japanese yen, or the Swiss franc. But it may even be a better hedge than that. In fact, one venture capitalist says that Bitcoin is the \u201csingle best hedge against the traditional financial system.\u201d Bitcoin: Best Economic Hedge Or Money Under the Mattress? Since the start of 2019, Bitcoin has brought investors over 300% gains and is the best performing asset of the entire year thus far. It rose from bear market lows at $3,200 to go on yet another parabolic run towards $14,000 where it was stopped abruptly and is currently consolidating under resistance \u2013 a potentially bullish period of reaccumulation following a powerful markup phase. Related Reading | Mainstream Finance Is Now Considering Bitcoin As a Safe Haven Asset\u00a0 The move could be being driven by Bitcoin finally being recognized by institutional investors and the global investing community for its potential use as an economic hedge. And with a trade war between the United States and China putting pressure on the already fragile financial fabric of the global economy, the biggest economic crash the world has ever seen may be in the future. Thus, Bitcoin is beginning to shine. \u201cIt\u2019s the single best hedge against the traditional financial system\u201d @chamath on appeal of bitcoin #btc pic.twitter.com\/gIkB38B4X0 &mdash; Squawk Box (@SquawkCNBC) July 9, 2019 While speaking on CNBC\u2019s Squawk Box, venture capitalist and CEO of Social Capital Chamath Palihapitiya told host Joe Kernen \u2013 who recently has come around to Bitcoin himself \u2013 that Bitcoin is the \u201csingle best hedge against the traditional financial system.&#8221; Kernen concurred, saying that he believes that the distributed ledger technology Bitcoin is based on \u201cimbues more inherent value on something than a government does.\u201d Palihapitiya\u2019s comments after that aren\u2019t the most appealing for Bitcoin, as he calls it the \u201cschmuck insurance you have under your mattress.\u201d It\u2019s not exactly flattering for Bitcoin, but the analogy makes sense. Related Reading | BTC is the Best Performing Asset, Path to $100,000 is Easy To See People often stick money in or under their mattress for safe keeping just in case. Bitcoin sitting in an encrypted wallet online is the digital equivalent of the physical act of storing money in a mattress. Bitcoin is currently trading at $12,500 and struggling with overhead resistance. A break above the previous high of $13,800 would likely mean a run for a new all-time high, while a break below $10,000 could cause concern over the structure of the next bull market. Either way, these are critical times for Bitcoin and the narrative of it becoming a global economic hedge.<\/p>\n","protected":false},"author":517,"featured_media":389338,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1368,6664,47299,2327,47300],"class_list":["post-389337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-cnbc","tag-crypto","tag-economic","tag-hedge","tag-squawk-box"],"acf":[],"yoast_head":"\n<title>Venture Capitalist: Bitcoin is the Single Best Hedge Against Traditional Finance<\/title>\n<meta name=\"description\" content=\"Venture Capitalist Chamath Palihapitiya says that Bitcoin is the best economic hedge and compares it to storing money in a mattress.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/venture-capitalist-bitcoin-economic-hedge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venture Capitalist: Bitcoin is the Single Best Hedge Against Traditional Finance\" \/>\n<meta property=\"og:description\" content=\"Venture Capitalist Chamath Palihapitiya says that Bitcoin is the best economic hedge and compares it to storing money in a mattress.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/venture-capitalist-bitcoin-economic-hedge\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-09T14:18:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/bitcoin-venture-capitalist-economic-hedge-shutterstock_1030627924-860x697.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"860\" \/>\n\t<meta property=\"og:image:height\" content=\"697\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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