Copy link
Increase text size
Decrease text size
Link copied

Strategist recommends Bitcoin (BTC) for ‘adventurous’ investors

Investors are scouting for alternative investment options as central banks' money printing activities could hurt stocks.

Wikimedia Commons

Mon, 14 Sep 2020, 06:21 am UTC

Cryptocurrency has slowly been making its way into mainstream finance with top banks already offering crypto-related services to their clients. In fact, a strategist of a Wall Street financial behemoth is now recommending Bitcoin (BTC) as an alternative investment option.

For years, mainstream finance viewed cryptocurrency such as Bitcoin with skepticism. But things have indeed changed these days as even fMorgan Stanley Investment Management’s chief global strategist and head of emerging markets Ruchir Sharma is now pushing Bitcoin as an investment alternative to stocks as central banks’ start to print more money into the financial system.

In an interview with CNN on Tuesday, September 8, Ruchir Sharma discussed his views on gold, crypto, and stocks. One of his concerns is that interest rates could rise “more quickly than we think, possibly even as early as next year” which could hurt tech stocks and other assets, according to

While stock prices remain high at the moment despite the weak economy, Sharma expects the reverse to happen next year. Stocks will struggle “just because of the incredible support they have got from liquidity and interest rates and that support goes away next year.”

The Morgan Stanley strategist also shared his views on gold and crypto saying that it’s a generational thing. Sharma said that some older investors prefer gold while “some of the younger ones are, the millennials are buying more of the bitcoin and cryptocurrencies.”

The fear of fiat becoming devalued is what’s driving some investors to scout for alternative investment vehicles such as cryptocurrency or gold. “Generally I think what that’s telling you is that there is this lingering feeling out there that given what central banks are doing in terms of printing so much money there is a search for alternative assets, I think that these assets could keep doing well,” Sharma added.

For more adventurous investors, Sharma is even recommending Bitcoin and other tokens. “To have about 5% or so of your portfolio in gold is not a bad idea, and if you’re a bit more adventurous, and I guess it’s more to do with demographics, then obviously search for bitcoin and other cryptocurrencies,” the strategist said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.09.20 23:41:50
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door ???? inbox me for more me on WhatsApp +1(206)-742-5358 thank you to you all and God bless you .
  • 0
  • ·
  • 0
  • Robert
  • 2020.09.18 01:19:57
Well technically stolen bitcoins end up in the wallet of the Scammer or person who stole them. But that doesn’t have to be the end of your bitcoins. In recent times, there has been good reviews on C|EH recovery experts like ASSETRESCUE01 @GMAILCOM who are able to recover stolen cryptocurrencies, and I personally have been a victim to a scam on Bitfinance, and thought i had lost all my bitcoins and my account was also suspended, thanks to ASSETRESCUE01 Recovery Services, I was able to recover all of the stolen bitcoins. You can send your request over GMAIL or WhatsApp on +1 206 745-0108. They provide excellent services
  • 0
  • ·
  • 0
  • vanhel
  • 2020.09.16 08:27:40
I was so devastated last year after I was scammed by a trusted Bitcoin investor of $4000, a co worker told me about Mr Dennis, I was skeptical at first because I had tried different means to get my money back but none worked. I reached out to CREDITSOLUTION63 and they were able to get back my $4,000 that i invested with the fradulent company without stress. I recommend CREDITSOLUTION63 100%
Email: F I N A N C E A F F A I R S 7 3 @ G M A I L . C O M
WhatsApp: + 1 - 9 1 4 - 2 9 6 - 7 4 9 8
You Can Also Text Or Call: + 1 - 9 1 4 - 2 9 6 - 7 4 9 8
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $36,162.70 (-7.45%)
  • Ethereum (ETH) $1,162.15 (-5.40%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Cardano (ADA) $0.303500 (-5.50%)
  • Litecoin (LTC) $141.76 (-6.71%)
  • Bitcoin (BTC) $36,162.70 (-7.45%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.