BlockTower's CIO: Hyperinflation Could Send Bitcoin Parabolic

August 4, 2020   Bitcoin

Ari Paul, CIO at BlockTower Capital crypto hedge fund, believes Bitcoin’s next parabolic move will soon be triggered by hyperinflation caused by central banks’ monetary policies.

Ari Paul, CIO and co-founder at crypto hedge fund BlockTower Capital, believes Bitcoin’s next parabolic move will soon be triggered by hyperinflation caused by the monetary policies of central banks. 

According to Paul, the Federal Reserve will eventually need to devalue the dollar as a means to pay its increasingly high sovereign debt. 

In that scenario, according to Paul, we’ll enter a period of hyperinflation similar to the Great Inflation in the 1970s. During such an event, investors could move their wealth away from dollars and Treasury bonds and into inflation-resistance assets.

“If we have a return to something like the 1970s, I think probably gold rallies five to 10X or more, I think Bitcoin probably rallies 10 to 30X or more”, he claimed. 

Paul believes this process has already started and that we are already in an “inflationary market, a Bitcoin bull market and gold bull market in the early stages”. 

He also said “Bitcoin is like a call on inflation,” meaning that as long as the expectation of high inflation remains high, the price of the call (Bitcoin) will also increase. 

Source

Share
Pin
Send
Share
Share

Related Crypto News and Promotions




Top upcoming ICOs

ICOs Rating Days left
1 2local 5 12
2 PointPay 5 184
3 Geco.one 4.9 40
4 Pawtocol 4.9 40
5 Ledder 4.9 70
6 DogData 4.9 71
7 Tycoon 4.9 101
8 SerenitySource 4.9 101
9 Curate 4.9 131
10 IdeaFex 4.9 514

ICOs rating

Top Cryptocurrencies

Сryptocurrency CVIX Price Change, 24h
Bitcoin 85 $36 634.17 2.03%
Ethereum 94 $1 326.25 7.69%
Tether 1 $1.00 0.18%
Polkadot 82 $16.79 -4.93%
XRP 72 $0.291800 5.26%
Cardano 92 $0.364200 -6.16%
Litecoin 75 $158.96 11.18%
Bitcoin Cash 83 $518.49 6.73%
Chainlink 84 $21.69 -5.48%
Stellar 92 $0.301100 -1.07%

Cryptocurrencies rating

Top Crypto Brokers

Broker Status
1 FIBO Group information
2 OctaFX information
3 101investing information
4 T1Markets information
5 InvestLite information
6 Orbex information
7 easyMarkets information
8 XM information
9 LH Crypto information
10 USGFX information

Brokers rating

Top Crypto Exchanges

Exchange Volume change, 24h
1 Binance 4.62%
2 Binance.KR 17.13%
3 EtherFlyer 41.08%
4 ZG.com 8.28%
5 HBTC 9.47%
6 CoinBene 5.69%
7 Dsdaq 9.98%
8 Hydax Exchange 9.25%
9 Mexo Exchange 10.27%
10 Xtheta Global 8.47%

Exchanges rating