{"id":51516,"date":"2021-10-20T17:59:42","date_gmt":"2021-10-20T14:59:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51516"},"modified":"2025-09-03T00:07:25","modified_gmt":"2025-09-02T21:07:25","slug":"billionaire-carl-icahn-calls-bitcoin-an-inflation-hedge","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/billionaire-carl-icahn-calls-bitcoin-an-inflation-hedge\/","title":{"rendered":"Billionaire Carl Icahn calls Bitcoin an inflation hedge"},"content":{"rendered":"<p>Carl Icahn, founder of Icahn Enterprises, warned in an interview with <a href=\"https:\/\/www.cnbc.com\/video\/2021\/10\/18\/watch-cnbcs-full-interview-with-carl-icahn.html\">CNBC<\/a> of an impending crisis and asserted Bitcoin\u2019s inflation-hedging properties against inflation.<\/p>\n<p>Previously a Bitcoin skeptic, he voiced concerns about the dollar&#8217;s devaluation and warned of a high likelihood of an inflationary spiral driven by stimulus to the economy.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abIn the long run, financial markets will certainly hit a wall. The crisis is inevitable because of how we print money and enter inflation. The rise in consumer prices has become all-encompassing. I don&#8217;t know how you will cope with this\u00bb<\/em>, \u2014 Icahn said.<\/p>\n<\/blockquote>\n<p>When asked about investments in Bitcoin, the billionaire gave an evasive answer.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abThere are many smart people on our team, and we simply don&#8217;t understand Bitcoin. We&#8217;re not going to invest in something we don&#8217;t get [\u2026] If inflation gets out of control, the first cryptocurrency will gain value. There are many variables; investing in this asset is very difficult\u00bb<\/em>, \u2014 he explained.<\/p>\n<\/blockquote>\n<p>Earlier in May, Carl Icahn <a href=\"https:\/\/u1f987.com\/en\/news\/billionaire-carl-icahn-signals-readiness-to-invest-more-than-1-billion-in-cryptocurrencies\">said<\/a> he planned broad-based investments in cryptocurrencies.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carl Icahn warns CNBC of an impending crisis and touts Bitcoin as an inflation hedge.<\/p>\n","protected":false},"author":1,"featured_media":51517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1224,1138],"class_list":["post-51516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-macroeconomics","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51516"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51516\/revisions"}],"predecessor-version":[{"id":51518,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51516\/revisions\/51518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51517"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}