June 26, 2020

Bitcoin’s Insurance Against The Upcoming Economic Collapse: Details

Recently, Bitcoin has increasingly mentioned in interviews with major financial market players. In particular, the crypto asset received support from the dollar billionaire Chamath Palihapitiya, who believes that the purchase of Bitcoin could become a “lifeline” for investors. What are the arguments in favor of Bitcoin called Palihapitiya?

Bitcoin is a winning bet

Chamath Palihapitiya, CEO of Social Capital, shared his forecast on the situation in the financial market and the global economy as a whole. He said that the government chose the wrong path, relying on artificial stimulation of the economy. It may result in inflation shortly and may adversely affect the situation of both ordinary citizens and large investors.

In these conditions, Chamath Palihapitiya recommended that investors allocate 1% of their portfolio to Bitcoin. The dollar billionaire believes that this small investment can be excellent insurance against financial collapse.

“Bitcoin is independent of regulatory decisions. Thanks to this, investors can avoid external pressure on their capital. ”

Chamath Palihapitiya is also sure that if Bitcoin can prove itself as a reliable refuge in the context of the global economic crisis, this will become a solid foundation for price growth and popularization of cryptocurrency. The success of Bitcoin will be a powerful challenge to traditional market infrastructure. He noted:

“If Bitcoin remains a strong asset in the face of inflation, the time will come for a big change. The global financial market can transform beyond recognition. ”


This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.

Get early access

Don’t miss your chance to pre-register today and enjoy all the benefits of early adopters in the future!