- Excessive cash provide and rising inflation might negatively have an effect on U.S. markets, billionaire Carl Icahn mentioned.
- “In the long run we are certainly going to hit the wall,” Icahn mentioned. “I really think there will be a crisis the way we are going, the way we are printing money, the way we are going into inflation.”
- Bitcoin might be beneficial if inflation certainly runs “rampant,” he mentioned.
Longtime activist investor and Icahn Enterprises Chairman Carl Icahn spoke to CNBC as we speak on U.S. markets, inflation, financial provide, and bitcoin. Icahn defined that he believes a market crash is looming as extreme cash provide floods the market together with the uptick in inflation charges — a situation through which Bitcoin could be notably beneficial.
“In the long run we are certainly going to hit the wall,” Icahn instructed CNBC. “I really think there will be a crisis the way we are going, the way we are printing money, the way we are going into inflation. If you look around you, you see inflation all around you and I don’t know how you deal with that in the long term.”