Bitcoin Is Half-Priced ‘Hurricane Insurance,’ Says Crypto Fund Manager

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.“

Hedge fund manager likens Bitcoin to “hurricane insurance”

Earlier the same day, Kling posted that BTC “is an insurance policy against the largest monetary experiment in human history,” accompanying the tweet with a graph of recent annual U.S. budget deficits.    

Kling’s tweet comes after the recent crypto market meltdown left Bitcoin’s long…