Billionaire investor Carl Icahn warn On Tuesday, the next market crisis may be coming, and Bitcoin may be the best hedge against inflation.
As the U.S. government continues to stimulate the economy, Icahn statement He is worried that the U.S. dollar is depreciating and commodity prices are rising.
“In the long run, we will definitely hit a wall. I really think that the way we move forward, the way we print money, the way we get into inflation will all have crises. If you look around, you will see that there is currency all around. Inflation, I don’t know how you will deal with it in the long run.” Icahn Said Monday with CNBC.
His comments are consistent with Federal Reserve Chairman Jerome Powell, who mentioned that inflation has risen with supply issues:
“As the economy continues to reopen and spending rebounds, we are seeing upward pressure on prices, especially due to supply bottlenecks in certain industries,” Powell Said In the prepared comments. “These effects are larger and longer-lasting than expected, but they will diminish, and as they occur, inflation is expected to fall back to our long-term 2% target.”
Icahn Mention Billions of dollars have been invested in cryptocurrency this year, but he still hasn’t increased his position in this market-at least he hasn’t publicly stated it. Ryan Adams, founder of crypto investment companies Mythos Capital and Bankless, Speculate Icahn may have a position.
Billionaire still Believe In addition to investing in the stock market, there may be another option, and cryptocurrencies may be worth exploring:
“We have a lot of smart people working at Icahn. We just don’t understand Bitcoin. I’m not saying it’s good or bad, I’m just saying we don’t understand it. We don’t invest in what we don’t get. […] The jury really does not know whether Bitcoin has intrinsic value or as a store of value. If inflation is rampant, I think it does have value. There are too many variables, and investment is a very difficult thing. “