Jordan Peterson Bitcoin, Why The Intellectual Professor Is Purchasing Crypto
Jordan Peterson is a professor of psychology, author, and YouTube personality. In one of his YouTube podcasts, he interviews Dr. Saifedean Ammous, the author of The Bitcoin Standard. To my surprise, as I am not a very big advocate of Bitcoin and Crypto Currency (being I don’t see any fundamentals and that I don’t really see it being based on too much, I have a hard time believing that it is a long term investment that will produce good results) Jordan Peterson really enjoyed the interview and is even sizing up his investment in Bitcoin as an Inflation Hedge after speaking with the Doctor of Finance. In this blog post, I’ll explain why I think Doctor Peterson was sold on Bitcoin, and why he is sizing up the portion of his assets that are in Crypto after this interview.
Why Did Jordan Peterson Get Into Bitcoin?
After his interview with the Bitcoin expert Dr. Saifedean Ammous, Peterson bought Bitcoin to protect himself from the effects of inflation. During the discussion, he learned how digital assets are essential in the era of rising inflation rates. To some extent, as I see Inflation rates sitting at 6.2% per annum as of the close of November 2021, and while my CD’s and Savings accounts are getting like a measly 50 or 80 basis points on my money, I am inclined to agree with him. But alas, the financial advisor in me is too strong, and I don’t ever really see myself purchasing crypto currency assets, it seems too much like the Tulip Bulb Crisis or the Dot Com Bubble to me to buy into.
Is Bitcoin a Good Long Term Winner?
The Bitcoin blockchain network will be a game-changer in the financial payment infrastructure in the future. It acts as an inflation hedge that protects owners from the effect of fiat currency mass printing.
Gold has been the ultimate investment over the years. However, bitcoin and other cryptocurrencies are becoming more popular than gold because it is a fully transparent digital asset. Over the last decade, Bitcoin has attained 99.996% deflation compared to the dollar that has a 28% rise in CPI. Even though experts advise against dedicating more than 5% of your portfolio to bitcoin due to its volatility, it is an excellent long-term winner due to its low inflation risk.
I have no doubt that over the long haul crypto currency will become much more legitimate, however, for now, I see it as more of a speculative buy, and nothing more.
How Can I Purchase Bitcoin for Myself?
Have you been wondering how to be part of the bitcoin craze that has taken the world by storm? Well, the good news is that you can have a piece of the cake. Here are some of the multiple ways you can use to purchase bitcoins for yourself.
Bitcoin ATMs allow users to buy and sell digital currency. When you get to the ATM, click the buy bitcoin option. The machine will generate a bitcoin wallet QR code which you will scan. Next, insert the money into the machine. The machine displays the amount of bitcoin you have bought and the wallet address. Confirm purchase, and you’re all done!
This is a medium that focuses on cryptocurrencies exchange. You can buy and trade different currencies, including Ethereum, Bitcoin, Solana, and Bitcoin cash. However, the downside of this method is the confusing fee structure.
Of the two of these, I would likely recommend Coinbase, as they are a publicly traded company and it is much easier to open up a wallet with them than
Is Jordan Peterson Speculating? My Final Thoughts On the Jordan Peterson Bitcoin Review
Yes, Jordan Peterson increased his bitcoin investment after picking Dr. Saifedean Ammous’s brains on the matter. He hopes to gain profits in the future. As a long term Inflation Hedge, I will say that I would probably rather be in Bitcoin than all cash or CDs, however I’ll stick with my Index Funds, not to let my advisor client base and readership down. For more information on all things finance, read on or subscribe to our blog for additional details and information.
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