Bitcoin is “Half-Priced Hurricane Insurance” – Travis Kling
This one cracked me up – “half-priced hurricane insurance”! Well, seeing as Bitcoin is right around $6171, can’t say he’s wrong
Hedge fund manager likens Bitcoin to “hurricane insurance”
Travis Kling, the chief investment officer of crypto investment firm Ikigai Asset Management, has described Bitcoin (BTC) as insurance against both hurricanes and U.S. fiscal policy.
On March 20, Kling tweeted that an oncoming hurricane that will soon hit the U.S. economy and “do a lot of damage.” However, all is not lost, with Kling advising that the recent crypto market crash has made half-priced hurricane insurance available to all:
‘You can still buy hurricane insurance. People panic sold the insurance policy bc they wanted cash. Now it’s half priced from a month ago even though the hurricane is clearly here now.’“