Jordan Peterson bought more Bitcoin to hedge against inflation
Canadian psychology professor Jordan Peterson has increased his BTC holdings after a conversation with Dr. Saifedean Ammous, in which he said Bitcoin is the "most disruptive technology against inflation."
The psychologist interviewed the author of "The Bitcoin Standard"
Jordan Peterson - a clinical psychologist and a well-known YouTube personality - interviewed the author of "The Bitcoin Standard" - Dr. Saifedean Ammous. Shortly after the interview, Peterson admitted that he learned a lot from Dr. Ammous. As a result, he has invested a more significant portion of his wealth in Bitcoin. They discussed the merits of Bitcoin and how the leading digital asset can help in the coming times of rising inflation. Dr. Ammous claimed that Bitcoin is the better version of gold because you do not have to worry about the coin containing base metal.During the interview Peterson also elaborated on the anonymous creator of Bitcoin Satoshi Nakamoto. He expressed his concerns about how a mysterious person can develop such a project out of thin air and asked Ammous why people should believe in this concept. Getting to the point of why BTC is the right financial tool against inflation, Dr. Ammous explained: "Bitcoin is essentially the most powerful defensive technology against inflation. It's an enormous quantum leap forward in the technology of money as protection of value against predation and inflation. I think it's a natural fit to anybody who is productive and wants to save their value into the future."
Jordan Peterson has been interested in Bitcoin for a while
Earlier this year, Peterson had also released a podcast titled "Bitcoin: The Future of Money?" which featured a group of Bitcoiners. However, the psychologist was active in the space much earlier, as he started accepting BTC donations back in 2018 after being boycotted by Patreon due to free speech issues. Even though Peterson has been active in the crypto space for quite some time, it looks like he wants to learn more about Bitcoin and continue having conversations about digital currencies.American billionaire Barry Sternlicht recently admitted that he has personally invested in BTC as it is a monetary instrument against the mass printing of fiat currencies. Another supporter of Bitcoin and its anti-inflationary properties is Paul Tudor Jones. The billionaire even ranked cryptocurrency as a better financial instrument than gold.
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