Famous venture capitalist: Bitcoin is the best hedge in the world

Image source: Tasti-sc (Wikimedia Commons) / Trijo News / Shutterstock

2019-07-09 16:48

Teodor Stig-Matz

teodor.matz@trijo.co

Chamath Palihapitiya's claim comes at the same time as bitcoin has had a good start to the week.

The Silicon Valley-based venture capitalist Chamath Palihapitiya is a big fan of bitcoin. He has been around for a long time, and according to himself he first invested when the price of the cryptocurrency was $100.

Hedge against the financial system

Now he has made a new positive statement about the world’s biggest cryptocurrency.

“It’s the single best hedge against the traditional financial infrastructure”, he says in an interview with CNBC and continues to urge everyone to buy the cryptocurrency.

The new comments from Chamath Palihapitiya come at the same time as bitcoin has had a good start to the week. On Tuesday, the world’s biggest cryptocurrency has been approaching $13,000.

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