"If you are fleeing a country with just the clothes on your back and you want to take your savings with you, bitcoin is an excellent kind of safe haven," said Nic Carter, founding partner of Castle Island Ventures.
Carter spoke with CoinDesk for one of the inaugural episodes of Bitcoin Macro, a pop-up podcast featuring the speakers and themes of CoinDesk's upcoming Invest: NYC conference on Tuesday, Nov. 12.
Nic Carter is one of the most broad and heterodox thinkers in the bitcoin space.
Why bitcoin's status as a safe haven asset is highly correlated to the specific political and economic context of the holder.
Nolan Bauerle: Welcome to Bitcoin Macro, a pop-up podcast produced as part of the CoinDesk Invest New York conference in November.
Both the podcast and the event explore the intersection of Bitcoin and the global macroeconomy with perspectives from some of the leading thinkers and finance, crypto and beyond.
"Nic Carter: Well, first of all, thanks for having me on the show, Nolan. I really appreciate that. On the macro asset front, I guess it really depends on your definition of sort of a global macro asset. To the extent that global macro is a strategy that involves kind of forecasting geopolitical trends and trading on that basis. I would say, absolutely. Some people would try and say,"Well Bitcoin isn't big enough to be considered eligible to be a macro asset, which I think is a little silly.
If you are fleeing a country with just the clothes on your back and you want to take your savings with you, Bitcoin is an excellent kind of safe haven and you're happy to tolerate some of that exchange risk for the duration of the period in exchange for being able to store your savings in a 12 phrase, in your brain.
Bitcoin was predicted by a lot of people within the Bitcoin world to be a hedge against that.
What it shows to me is that for the most part, Bitcoin holders are actually in profit because very little Bitcoin changed hands at those a really extreme heights back in 2017.
PODCAST: Nic Carter on Bitcoin's Evolution as a Safe-Haven Asset
gepubliceerd op Oct 24, 2019
by Coindesk | gepubliceerd op Coinage
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