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Famed Psychologist Jordan Peterson Says “Inflation Be Damned” As He Buys More Bitcoin

Best Owie
Best Owie
1 year ago
3 mins read
Picture of a hand holding three bitcoins with a market chart in the background

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Jordan Peterson’s journey into bitcoin is an interesting one for all intents and purposes. After talking with Dr. Saifedean Ammous, Peterson has now dug his heels deeper into the market.

Dr. Saifedean Ammous is an author that is well-known in the crypto industry for his book titled “The Bitcoin Standard”. Following the success of this book, he had released another book titled “The Fiat Standard” as a follow-up to the first book.

Peterson has grown a large following as an author, clinical psychologist, and podcast host. He regularly talks about finance-related topics on his podcast titled the “JBP Podcast”.

Related Reading | VanEck Bitcoin Futures ETF Gets SEC Greenlight After Spot Rejection

The Canadian author had hosted four guests/experts on his podcast where they talked about bitcoin and the technology behind the digital asset. Peterson is an investor in the cryptocurrency, convinced of its importance to the future of the financial marketplace, and recently, he announced that he has added to his bitcoin holdings. Here’s why.

Learning More About Bitcoin

Jordan Peterson had Dr. Saifedean Ammous as a guest on his podcast, where the latter talked through some of the important aspects of the digital asset. The monetary system of bitcoin has always been interesting and unique in the way it worked and the author shed more light on this part of it. In addition, Ammous also talked about the tech side of things.

Peterson had his questions answered by his guest who eloquently explained the nuances of the technology in terms that the average listener could understand. One of these was the fact that bitcoin is controlled by no one. The author stressed the fact that there really was no one pushing buttons behind the scenes when it comes to the asset. “There is nobody with a master key,” said Ammous.

Bitcoin price chart from TradingView.com

BTC price trading below $59K | Source: BTCUSD on TradingView.com

Bitcoin’s decentralization is one of the most attractive features of the asset. This, Ammous said, is what drives the attention being paid to bitcoin.

Fiat money is entirely controlled by governments and more can be printed/created at will. Bitcoin does not have this problem given its lack of central control. “It is a neutral money that nobody can control,” the author pointed out.

Peterson Digs In

After the podcast was completed, Peterson took to Twitter to express his satisfaction with the episode. It seems that conversing with Dr. Saifedean Ammous made a lasting impact on the clinical psychologist judging from his tweet. Peterson revealed that he had purchased some more bitcoin after talking to the author.

My pleasure. Learned a lot. Bought some more Bitcoin. Inflation be damned.

— Dr Jordan B Peterson (@jordanbpeterson) November 16, 2021

Related Reading | There Are More People Using Bitcoin Wallets Than Bank Accounts, Says El Salvador President

In Peterson’s tweet, he uses the phrase “inflation be damned”. Bitcoin, which is widely known as the “digital gold” has proven its value to investors as a hedge against inflation and it seems Peterson is hip to this use case.

Returning 200% year-over-year gains, BTC has become the asset of choice for investors who are looking to protect their portfolios from the devastating effects of inflation. Moreover, with inflation rates predicted to keep growing, demand is expected to rise for bitcoin, in turn leading to higher values.

Featured image from The Guardian, chart from TradingView.com
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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

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Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

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When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

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Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
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The highest standards in reporting and publishing
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