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 debasement.”
Horizon’s Paradigm fund made a 1%
allocation into Grayscale’s Bitcoin Trust in 2016, with the investment
now representing 10% of the fund’s portfolio.
“People should have
exposure to the asset class,” asserted Doyle, emphasizing Bitcoin’s
capped supply amid concerns regarding currency debasement.
“The
best long-term investors tend to have concentrated portfolios and low
turnover in holdings as they let the companies they own grow and
compound returns,” he added.
Horizon Kinetics currently boasts three of the top-10 performing mutual funds of 2021 so far, according to Morningstar.
In
addition to its crypto allocation, the firm’s top-performing funds have
benefited from long-term investments in land owners and real estate
developers across North America, including Texas Pacific Land, Dream
Unlimited and Brookfield Asset Management.
Related: Is Bitcoin a Store of Value? Experts on BTC as Digital Gold
Earlier
this month European blockchain firm Guardtime published findings that
the coronavirus pandemic has spurred governments to expedite exploration into central bank digital currencies (CBDC).
Predicting
that a CBDC could be launched within three years, the firm’s research
found that “Not only has Coronavirus accelerated the digitization of
society, it has also further transformed how we use money.”
source link : https://cointelegraph.com/news/7b-investment-firm-recommends-crypto-to-beat-currency-debasement
