Speaking on interview on CNBC
The famed money manager in an interview on CNBC is saying some interesting things in what he called
- 2% inflation target needs to go
- 2% at all times in absurd
- There are huge distortions due to 2% inflation target
- There is a misalocation of resources as a result of 2% inflation target
- It hinders growth globally
- It takes the same amount of energy to do one bitcoin transaction as it does to power 9 homes
- He does not own bitcoin
- Bitcoin is worth what people are willing to pay for it
- Bitcoin will not be a median of exchange as it is too volatile
- This year was the worst year he has every had relative to the opportunities
- Not up double digits in 2017
- 1st down year in currencies ever.
