Funding Adviser Warns It is a Mistake to Ignore Crypto Property, Predicts Cryptocurrencies Will Outperform Equities – Markets and Costs Bitcoin Information
Blueprint Capital Advisors CEO Jacob Walthour says it is a mistake to ignore crypto as an asset class. He also predicts that crypto will outperform stocks for the foreseeable future.
Investment Advisor Expects Crypto to Outperform Stocks
Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed his outlook for the crypto and equity markets in an interview with CNBC on Wednesday. Walthour has over 25 years of experience in capital markets, traditional and alternative wealth management.
“At this stage we have to think about how it all began,” he began. “When we think back in the course of our lives, we started buying things with cash, and then someone came up with the idea of using a check, and then someone came up with the idea of using plastic, and then someone came up with that The idea of e-payments. And I think that using crypto, the whole concept of a wallet, is the starting point. And I think that bodes well for crypto overall in terms of adoption rates over the next five to ten years. “
He emphasized that many companies are now accepting cryptocurrencies as a means of payment, and said:
I think it would be a mistake to ignore this asset class that has looked like the Wild West for the past five years.
He added, “But if we see a stall in the US stock market and a surge in cryptocurrency, the herd mentality could get the upper hand here and you could see how much liquidity from stocks is falling into cryptocurrencies.”
Walthour continued: “If crypto outperforms stocks, I think it legitimizes crypto as an asset class from a diversification perspective.”
While admitting that cryptocurrencies could fall further due to the higher volatility of stocks selling off, he said, “I don’t think this will necessarily last for the foreseeable future.” He concluded:
Given that crypto sold out pretty heavily in the last quarter, I predict for the foreseeable future that it has a strong chance of outperforming stocks in 2022.
Do you agree with Walthour? Let us know in the comment section below.
Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.
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