{"id":389337,"date":"2019-07-09T14:18:24","date_gmt":"2019-07-09T14:18:24","guid":{"rendered":"https:\/\/uniquehot.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:\/\/uniquehot.com\/news\/venture-capitalist-bitcoin-economic-hedge\/","title":{"rendered":"Venture Capitalist: Bitcoin is the Single Best Hedge Against Traditional Finance"},"content":{"rendered":"

As the entire world braces for a potential economic crash in the face of looming trade wars, inflated fiat currencies, and booming debt, 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

It\u2019s even showing a 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

Bitcoin: Best Economic Hedge Or Money Under the Mattress?<\/span><\/h2>\n
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
Related Reading | Mainstream Finance Is Now Considering Bitcoin As a Safe Haven Asset\u00a0<\/a><\/strong><\/em><\/p>\n
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<\/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
Thus, Bitcoin is beginning to shine.<\/span><\/p>\n
\n
\u201cIt\u2019s the single best hedge against the traditional financial system\u201d @chamath<\/a> on appeal of bitcoin #btc<\/a> pic.twitter.com\/gIkB38B4X0<\/a><\/p>\n
— Squawk Box (@SquawkCNBC) July 9, 2019<\/a><\/p><\/blockquote>\n