Pass it forward

Grand Cayman( CNN Business) Bitcoin might be down 80% from its peak, but true-life believers in cryptocurrencies and blockchain engineering still gush about its enormous potential.

“There is a really good chance we have something better than gold, ” Travis Kling, benefactor and main asset police officers of crypto hedge fund Ikigai Asset Management, said here on Thursday at the Cayman Alternative Investment Summit in Grand Cayman.

“It’s like a CDS against fiscal and monetary policy irresponsibility, ” Kling said.