On Monday (October 18), billionaire activist investor Carl Icahn, the Chairman of American conglomerate Icahn Enterprises, shared his thoughts on the state of the markets, inflation, and potential use of Bitcoin as a hedge against higher inflation.
Icahn’s comments were made during an interview with Scott Wapner, the host of CNBC’s “Fast Money Halftime Report“.
Here are a few highlights from this interview (based on CNBC’s transcript of the interview):
“I will tell you this that as far as I’m concerned, the market, one day, and I believe one day in the long run and I don’t know how long it is and I think you have to be a fool to try to tell you how long it is in this kind of a market, in the long run, we’re certainly going to hit the wall and people may say to me, well, anybody can say that…
“I really think there will be a crisis the way we’re going, the way we’re printing money, the way we’re going into inflation, I think if you look around you, you see this inflation all around you and I don’t know how you deal with that in the long term.“