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Harry Yeh says investors should hold crypto in their portfolios

Quantum Fintech Group founder and managing partner Harry Yeh believes it is pivotal for investors to add cryptocurrencies to their portfolios. Yeh said this during an interview on December 27 while discussing the overall investor sentiment over cryptos as an asset class. He also spoke about the impact central bank activity affects the nascent industry and his outlook for the sector.

interview, Yeh pointed out that if he did not stay in crypto the multiple times people told him the sector would fail, he would not be where he is today. Yeh added that he got into crypto in 2013 when Bitcoin (BTC/USD) was changing hands at $60.00 (?44.60), and the coin is currently trading above $48,000.00 (?35,676.00). To this end, he believes the crypto space will continue growing.

According to him, the crypto space is well past the stage where investors question whether it will stay. Instead, he believes investors are thinking about their blockchain and crypto strategies at the moment.

Talking about the impact central banks would have on crypto, Yeh said BTC and other cryptos serve as a hedge against inflation. As such, their value increases when central banks print more money. While this is true, he said he likes to think of this situation as an inverse, whereby BTC’s value remains constant as the dollar’s value plunges.

BTC is not like other risky assets

When asked what differentiates BTC from other risk assets, Yeh said it is unique. He further noted that risky assets such as stocks of companies like Tesla and Apple have trillion-dollar market caps at the moment. Yeh added that the crypto industry has a market cap of over $2.00 trillion (?1.49 trillion).

While he acknowledged risk assets increase in value, Yeh said incomes have remained unchanged for most people despite the rising cost of living. With this in mind, he said it is vital for investors to hold part of their portfolio in cryptocurrencies because they can work for them.

He went on to highlight the perks of the blockchain and cryptocurrencies, saying an investor does not need to have a lot of money for their initial investment. He added that purchasing stocks is a daunting task for many because one needs around $10,000.00 (?7,431.25) to get started. On the other hand, Yeh recalls that he began his crypto journey with only $500.00 (?371.56).

Although he believes cryptos like BTC serve as inflation hedges, Yeh said the leading use case of digital assets is payments and remittances. He said traditional banking systems are limited, but cryptocurrencies are available 24/7 365.

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