Bitcoin Is The “Most Significant Investment Opportunity Of A Generation”: Analyst Travis Kling

  • Crypto has been created for such a time
  • A hedge against monetary irresponsibility from central banks

“Bitcoin is too good at being a store of value right now to be a good method of exchange,” said Travis Kling, equities portfolio manager turned crypto fund executive.

Recently, he stated how “nobody wants to be the Bitcoin pizza guy” and spend 10,000 Bitcoins on a pizza. It also doesn’t make sense when there are better alternatives like Venmo, We Chat, and AliPay available out there, with Libra jumping on the centralized method of exchange as well.

As the BTC price increases and volatility decreases, it is going to be better for a method of exchange but “in the meantime, it's a great store of value.”

Crypto has been created for such a time

Speaking with CNN on Sept. 15, Kling shared how over the 10-year long history of Bitcoin, he gained more knowledge and come to recognize that this:

“technology was gonna be the most important innovation since the internet” and the “most significant investment opportunity of a generation.”

Bitcoin might have been formerly isolated from the traditional sector but not anymore, With the global macro outlook not looking good what with negative interest rates, quantitative easing policies, trade war, and fear of recession looming on the economy, Bitcoin he said is created for just for “such a time as this.”

“Now is an incredibly interesting time from a global macro perspective and […] it appears that crypto has been created for such a time as this. With what we have in monetary and fiscal policies from central banks and governments, big tech overreach, government overreach, data privacy issues that are coming to the center of the collective consciousness.”

A Hedge against monetary irresponsibility from central banks

Being a “non-sovereign, hard cap supply, global, immutable, decentralized digital store of value,” the leading cryptocurrency is one of its kind that should be considered separately from other digital assets.

These are the very properties that not only distinguishes it from other crypto assets but also make it a timely investment.

Bitcoin, he said, is a “hedge against monetary and fiscal irresponsibility from central banks and governments globally.” Kling further said that Bitcoin is needed as an insurance policy “more today than it did yesterday” in the light of what central banks are doing all across the world.

“It’s apparent that major central banks are all racing to devalue their currencies faster than anybody else […] What are they devaluing against? They’re devaluing against assets that have provable scarcity and gold has provable scarcity. Bitcoin has even more provable scarcity than gold, it’s the hardest money in human history.”

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