Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class. He additionally predicts that crypto will outperform equities within the foreseeable future.
Investment Adviser Expects Crypto to Outperform Equities
Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, mentioned his outlook for the crypto and fairness markets in an interview with CNBC Wednesday. Walthour has over 25 years of expertise in capital markets, conventional, and various asset administration.
“At this stage, we have to think back to how it all started,” he started. “When we think back over 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 plastics, and then someone came up with the idea of e-payments. And I think that the use of crypto, the whole concept of a wallet, is where we are going to go from here. And I think that bodes well for crypto overall in terms of its adoption rate over the course of the next five to 10 years.”
Emphasizing that there at the moment are many firms accepting cryptocurrency as a type of cost, he stated:
I feel it’d be a mistake to ignore this asset class which has regarded just like the wild west for the final 5 or so years.
He added: “But if we see a stall in the U.S. equity market and a rise in crypto, I think the herd mentality could take over here, and you could see a lot of liquidity falling out of stocks into cryptocurrencies.”
Walthour additional opined: “If crypto outperforms equity, I think it legitimizes crypto as an asset class from a diversification standpoint.”
While acknowledging that when shares unload, cryptocurrencies might fall even additional due to increased volatility, he stated: “I don’t think that necessarily holds into the foreseeable future.” He concluded:
My prediction for the foreseeable future, provided that crypto has offered off fairly a bit within the final quarter, is that it does have a sturdy chance of outperforming equities in 2022.
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