Famed Psychologist Jordan Peterson Says “Inflation Be Damned” As He Buys More Bitcoin
Jordan Peterson’s journey into bitcoin is an fascinating one for all intents and functions. After speaking with Dr. Saifedean Ammous, Peterson has now dug his heels deeper into the market.
Dr. Saifedean Ammous is an writer that’s well-known within the crypto business for his guide titled “The Bitcoin Normal”. Following the success of this guide, he had launched one other guide titled “The Fiat Normal” as a follow-up to the primary guide.
Peterson has grown a big following as an writer, medical psychologist, and podcast host. He often talks about finance-related matters on his podcast titled the “JBP Podcast”.
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The Canadian writer had hosted 4 friends/specialists on his podcast the place they talked about bitcoin and the expertise behind the digital asset. Peterson is an investor within the cryptocurrency, satisfied of its significance to the way forward for the monetary market, and just lately, he introduced that he has added to his bitcoin holdings. Right here’s why.
Studying Extra About Bitcoin
Jordan Peterson had Dr. Saifedean Ammous as a visitor on his podcast, the place the latter talked via a few of the necessary elements of the digital asset. The financial system of bitcoin has at all times been fascinating and distinctive in the best way it labored and the writer shed extra gentle on this a part of it. As well as, Ammous additionally talked concerning the tech facet of issues.
Peterson had his questions answered by his visitor who eloquently defined the nuances of the expertise in phrases that the typical listener might perceive. One in every of these was the truth that bitcoin is managed by nobody. The writer pressured the truth that there actually was nobody pushing buttons behind the scenes in terms of the asset. “There’s no person with a grasp key,” stated Ammous.
BTC worth buying and selling beneath $59K | Supply: BTCUSD on TradingView.com
Bitcoin’s decentralization is among the most tasty options of the asset. This, Ammous stated, is what drives the eye being paid to bitcoin.
Fiat cash is solely managed by governments and extra might be printed/created at will. Bitcoin doesn’t have this drawback given its lack of central management. “It’s a impartial cash that no person can management,” the writer identified.
Peterson Digs In
After the podcast was accomplished, Peterson took to Twitter to precise his satisfaction with the episode. Plainly conversing with Dr. Saifedean Ammous made a long-lasting impression on the medical psychologist judging from his tweet. Peterson revealed that he had bought some extra bitcoin after speaking to the writer.
My pleasure. Discovered rather a lot. Purchased some extra Bitcoin. Inflation be damned.
— Dr Jordan B Peterson (@jordanbpeterson) November 16, 2021
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In Peterson’s tweet, he makes use of the phrase “inflation be damned”. Bitcoin, which is extensively generally known as the “digital gold” has confirmed its worth to traders as a hedge in opposition to inflation and it appears Peterson is hip to this use case.
Returning 200% year-over-year features, BTC has turn into the asset of selection for traders who need to shield their portfolios from the devastating results of inflation. Furthermore, with inflation charges predicted to continue to grow, demand is anticipated to rise for bitcoin, in flip resulting in larger values.
Featured picture from The Guardian, chart from TradingView.com