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Harry Yeh argues that investors are increasingly starting to pay attention to alternative assets such as the first cryptocurrency
Founder and managing partner of Quantum Fintech Group Harry Yeh in an interview with Bloomberg stated that the main reason for Bitcoin’s growth is the depreciation of the US dollar. According to Ye, the American currency is depreciating due to the Fed’s policy and the printing of new money. Against this background, investors are increasingly starting to pay attention to alternative assets such as bitcoin, the head of the Quantum Fintech Group noted.
Yeh called this approach the right one because, in his opinion, the investor should focus on building a profitable portfolio and not be skeptical about the crypto industry. The businessman also explained that cryptocurrencies are more friendly to traditional stock markets, since they allow you to start investing with almost any amount.
On December 27, Bitcoin is trading at $ 51.5 thousand. Since the beginning of the year, the asset has risen in price by 78%, and its capitalization has increased to $ 975 billion, according to CoinGecko. In November, the cryptocurrency updated its all-time high above $ 69K.
Earlier, Mexican billionaire Ricardo Salinas Pliego recommended that his Twitter followers buy bitcoin and phase out cash. According to the billionaire, at the moment, central banks print money “like never before.”
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