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Bitcoin's Turning into Insurance Policy Against 'Irresponsible' Central Banks, Analyst Argues | CCT - Crypto Currency Tracker
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CryptoGlobe
2019-02-09 17:20:11

Bitcoin's Turning into Insurance Policy Against 'Irresponsible' Central Banks, Analyst Argues

Travis Kling, the founder and chief investment officer at Ikigai Asset Management, a digital asset hedge fund, recently said “there is a really a good chance we have something better than gold.” Kling, a former portfolio manager at Point72 Asset Management, explained that bitcoin (BTC) investments may be comparable to credit default swaps (CDS), which are similar to insurance policies that issue payouts when borrowers default on debt. Referring to a CDS as a traditional hedge “against fiscal and monetary policy irresponsibility”, Kling noted that the “mass adoption” of alternative forms of investments (as a hedge) such as bitcoin could occur in economies suffering from hyperinflation.