“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. ‘Buy Bitcoin‘ is emerging as the mantra against the ongoing global financial crisis. The latest to […]