Horizon Kinetics: "Cryptocurrencies are great for hedging economic risks" – Bits Media

Co-founder of the investment firm Horizon Kinetics, which manages the assets on $7 billion, called cryptocurrencies an excellent asset for hedging risks.

In an interview with the Financial Times, Peter Doyle (Peter Doyle) stressed, what a crisis, associated with the coronavirus pandemic and growing global debt, only develops. And the consultants of his companies advise their clients to invest in cryptocurrencies.

“After the pandemic there is no way back - there is a problem of national debts, which will lead or to inflation, or to default. People should have the opportunity to invest assets in this class. Long -term investors usually rarely transfer funds. They give companies, In which they invested, grow up and make a profit ", - said Doyle.

In this way, The investor awaits, that the largest world currencies are waiting for significant inflation in the coming years. And cryptocurrencies will help save savings.

Also in 2016 year, one of the Horizon funds called Paradigm invested 1% GRAYSCALE Portfolio to the GBTC Foundation. Now this investment is 10% portfolio.

The recent survey of Goldman Sachs showed, that companies, The capital managers of the richest families of the world, Interested in cryptocurrencies. Around 50% Of these, they are going to add crypto assets to their portfolios.