$7B investment firm recommends crypto to beat currency debasement
Crypto and land are the best assets to protect against currency debasement, advises contrarian investment firm, Horizon Kinetics. Contrarian investment firm, Horizon Kinetics, is advising investors to seek exposure to crypto assets amid mounting global economic challenges.Speaking to the Financial Times, Horizon’s co-founder Peter Doyle warned that the coronavirus pandemic and growing debt will usher an inflection point for the world economy, predicting:“There is no turning back after the pandemic and globally there is a debt problem and it means either default or currency....
Related News
The chairman of investment firm Sanders Morris Harris, George Ball, says cryptocurrencies are an effective hedge against currency debasement. In addition, he says that cryptocurrencies are attractive as a small part of portfolios. George Ball Advocates for Crypto as Hedge Against Currency Debasement George Ball talked about bitcoin and other cryptocurrencies in an interview with Yahoo Finance last week. He described two main reasons why cryptocurrencies are now ideal targets for investment by wealthy individuals and institutional investors. Ball is currently the chairman of investment firm....
A $7 billion firm recently advised that land and cryptocurrency are two assets that can combat currency debasement. In addition, the contrarian investment company is telling investors that crypto assets will help them more to face the growing economic challenges worldwide. During a discussion, the co-founder of Horizon Kinetics, Peter Doyle, stated that the global pandemic and the high debts looming above different economies would bring an “Inflection point” for the global economy. According to Doyle, there is no other option to handle these issues except currency debasement or....
“Look at it in five years, and it’s going to be a whole lot more," opined Novogratz. With the price of Bitcoin continuing to test support around $19,000, Galaxy Digital founder and CEO Mike Novogratz recommends HODLing until 2025.In a Yahoo Finance Live interview published on Nov. 25, Novogratz said that the current Bitcoin (BTC) rally is being fueled by institutions and high-profile investors “slowly getting into the space.” He cited companies like PayPal and Square adopting crypto, as well as billionaire Stanley Druckenmiller recently suggesting the digital asset may pay out more than....
Since Bitcoin’s genesis block, central banks around the world have been debasing their fiat. The post A Decade Of Dollar-Denominated Debasement Debauchery appeared first on Bitcoin Magazine.
Soros Fund Management's CIO said that Bitcoin is no longer out on the fringes, thanks to the debasement of the U.S. dollar over the past year. Soros Fund Management chief information officer Dawn Fitzpatrick said Bitcoin (BTC) may once have been considered a fringe asset, but the inflation of the United States dollar has changed that.Speaking to Bloomberg, Fitzpatrick said her firm — an asset management fund created by global investor George Soros — had recently begun to take an interest in Bitcoin.“We think the whole infrastructure around crypto is really interesting, and we’ve been....