Jordan Peterson’s journey into bitcoin is an attention-grabbing 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 e-book titled “The Bitcoin Normal”. Following the success of this e-book, he had launched one other e-book titled “The Fiat Normal” as a follow-up to the primary e-book.
Peterson has grown a big following as an writer, medical psychologist, and podcast host. He usually talks about finance-related subjects 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 not too long ago, 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 by means of among the necessary points of the digital asset. The financial system of bitcoin has at all times been attention-grabbing and distinctive in the way in which it labored and the writer shed extra gentle on this a part of it. As well as, Ammous additionally talked in regards to 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 may perceive. One among these was the truth that bitcoin is managed by nobody. The writer confused the truth that there actually was nobody pushing buttons behind the scenes on the subject of the asset. “There’s no person with a grasp key,” stated Ammous.
BTC worth buying and selling under $59K | Supply: BTCUSD on TradingView.com
Bitcoin’s decentralization is among the most engaging options of the asset. This, Ammous stated, is what drives the eye being paid to bitcoin.
Fiat cash is fully managed by governments and extra could 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 specific his satisfaction with the episode. It appears that evidently 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. Realized 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 referred to as the “digital gold” has confirmed its worth to buyers as a hedge towards inflation and it appears Peterson is hip to this use case.
Returning 200% year-over-year good points, BTC has change into the asset of selection for buyers 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 increased values.
Featured picture from The Guardian, chart from TradingView.com