The CIO of hedge fund BlockTower Capital says that bitcoin is just beginning a massive bull market rally
In an interview with Cointelegraph, Ari Paul of BlockTower Capital said today that he thinks we could be returning to a high inflation environment like we saw in the 1970's.
And according to him, if we do return to that type of environment, gold could go up about 5x-10x from current levels and bitcoin could go up 10x-30x.
His exact quote:
“If we have a return to something like the 1970s, I think probably gold rallies five to 10X or more, I think Bitcoin probably rallies 10 to 30X or more”
If you get a chance to watch the video, it's got a lot of interest points from a very smart guy.
Ari Paul knew about STEEM long ago...
I brought an investor into STEEM several years ago that works for an investment firm that has direct involvement with BlockTower and Ari Paul.
In fact, the investor I brought in had Ari's phone number readily available and could get ahold of him any time he wanted.
At that time, BlockTower was one of the largest and most well know hedge funds in crypto.
I tried to get in touch with Ned Scott and let him know about this possible connection for STEEM and the numerous benefits a BlockTower involvement or investment might bring, but Ned never got back to me.
According to my investor friend, he eventually pitched STEEM to Ari himself and Ari said that while it looked interesting, he wasn't interested in the coin as an investment. Interestingly enough, he said BlockTower would be more interested in some sort of equity stake in steemit.com as opposed to buying the coin outright.
Anyways, it's all in the past now as Ned never got back to me, Ari and BlockTower moved on, and STEEM is what it is at this point.
Just thought I would share this little tidbit since Ari Paul is seeing his name in the news again.
Stay informed my friends.
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