Bitcoin is a hedge in a deflationary cycle, said billionaire venture capitalist Chamath Palihapitiya in a Tuesday morning interview with CNBC. The Virgin Galactic chairman and Social Capital CEO commended the cryptocurrency for its lack of correlation with traditional markets. He further cited Paul Tudor Jones, a billionaire hedge fund manager, for taking a similar … Continue reading “Buy Bitcoin,” Another Billionaire VC Tells Investors Looking to Escape Massive Deflation