“I Like Bitcoin Even More Now” Than in March, Says Paul Tudor Jones

Recent bitcoin price action has not tempted Paul Tudor Jones to exit his BTC position.

The legendary billionaire hedge fund manager claims that he now sees the cryptocurrency as being more useful than when he recommended it earlier this year.
Jones champions bitcoin as a hedge against inflation.

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Bitcoin genesis block is the ‘New Testament’ of finance

“Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.

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Governments and banks are the only winners with fiat currency, says Max Keiser

Using the analogy of a Hi/Lo poker game — a variety of poker which crowns the highest and lowest hands as victors — broadcaster Max Keiser explained citizens will ultimately lose when it comes to holding government-issued currencies.

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Technology itself is deflationary, Diginex CEO says

Over the years, technology has improved by leaps and bounds, therefore making life more cost-effective and efficient. Such technological improvements, however, may not save citizens money as intended, due to inflationary efforts, according to Diginex CEO Richard Byworth.

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Fiat inflation has cost Bitcoin hodlers 20% over the past decade

Bad news — the increase in the Bitcoin (BTC) price over the past decade may have been overstated because of the accompanying fiat inflation. Since Bitcoin is typically denominated in fiat — United States dollars usually — it is not immune to its depreciation.

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The Federal Reserve Becomes the World’s Biggest Investor – BeInCrypto

The Federal Reserve has hit a new milestone in the race to have the largest balance sheet in the world. The American central bank has gone full berserk in 2020 and is printing dollars non-stop.

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Ripple’s Garlinghouse forecasts further loss of U.S. dollar value

After what has been a crazy year in almost every sense of the word, businesses are left wondering how to proceed, Ripple Labs CEO Brad Garlinghouse said.  
“The pandemic is throwing so many playbooks out the window,” he posited in an Aug. 28 tweet.

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