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Jordan Peterson Bought More Bitcoin as a Hedge Against Inflation

Concluding, after a conversation with Dr. Saifedean Ammous, that bitcoin is the “most disruptive technology against inflation,” the Canadian professor of psychology – Jordan Peterson – increased his BTC holdings.

‘Inflation Be Damned’

Jordan Peterson – a clinical psychologist and a famous YouTube personality – interviewed the author of “The Bitcoin Standard” – Dr. Saifedean Ammous. They discussed the merits of bitcoin and how the leading digital asset can help in the upcoming times of rising inflation.

Peterson touched upon the anonymous creator of BTC – Satoshi Nakamoto. He expressed his concerns about how a mysterious individual can design such a project out of nowhere and asked Ammous why people should believe in this concept.

The latter explained that Nakamoto’s anonymity is not an issue since this can further enhance the decentralized nature of the primary cryptocurrency. The main point is to be successful as many other inventions that society uses nowadays also have unknown creators:

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Bitcoin Is The Weapon

Public recognition of bitcoin as an inflation hedge has been going strong lately since many other experts backed that concept.

Last week, a group of Bloomberg analysis found out that the leading digital asset has achieved 99.996% deflation over the past ten years. In comparison, the CPI has risen 28% in the dollar for the same timeframe. As such, they described bitcoin as “the best inflation hedge around.”

The American billionaire Barry Sternlicht recently admitted he had personally invested in BTC, citing it is a monetary instrument against the mass printing of fiat currencies.

One of the strongest supporters of bitcoin and its anti-inflationary qualities is Paul Tudor Jones. The billionaire even classified the cryptocurrency as a superior financial tool than gold:

“I do think we’re moving into an increasingly digitized world. Clearly, there’s a place for crypto, and clearly, it’s winning the race against gold at the moment, right?”

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