Venture capitalist Chamath Palihapitiya, a self-proclaimed “disciple” of billionaire Warren Buffett, says bitcoin is the best financial hedge against an uncertain world economy. And unlike his anti-crypto mentor Buffett, Palihapitiya thinks you should buy some bitcoin to protect yourself.

“It’s the single best hedge against the traditional financial infrastructure,” Palihapitiya told CNBC. “Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under your mattress.”

Palihapitiya first bought the original cryptocurrency several years ago when its price hovered at $100. In 2013, he and his Silicon Valley tech pals once owned 5% of the entire float of bitcoin.

Palihapitiya: ‘Just Buy the Coins’

Basically, Palihapitiya says you should invest in bitcoin in light of today’s uncertain economic outlook. Besides, he reasons, what have you got to lose by allocating a tiny portion of your investment portfolio into crypto?

“Just buy the coins. It’s a fantastic instrument.”

Previous articleWhy Apple Stock Remains a Raging Buy
Next articleRichard Branson's Virgin Galactic IPO Ups the Ante for Musk and Bezos