After Paul Tudor Jones, Chamath Palihapitya, another Billionaire VC investor came out on CNBC yesterday, expressing his fondness for Bitcoin and its’ non-correlational with the stock markets. Nevertheless, their bet is actually based on opposing views for the economy. While PTJ is banking on BTC as an inflationary hedge, Chamath is suggesting a deflationary spiral.
As central banks like the US Federal Reserve and the ECB go berserk and embark on endless minting, Raoul Paul argues that there is a risk of the global economy sinking into a deflation, and not inflation as widely expected, because the United States Dollar (USD)—a reserve currency, is in short supply. With the USD