George Ball, one of the leading names in the financial sector, thinks that unlike his old attitude towards digital assets, it would be wise for investors to allocate “a small portion” of their portfolios to cryptocurrencies.
During an interview with Yahoo Finance, Ball said that cryptocurrencies such as Bitcoin (BTC) are an “attractive option” for investors who want to protect against inflation. Ball made the comment while US lawmakers discussed the new $ 1.9 trillion stimulus package.
Sanders Morris Harris executive said, “I’ve never said this before and I’ve always been against blockchain, cryptocurrency and Bitcoin. But if we look at the current situation, the state cannot provide incentives to markets indefinitely. Liquidity flow will end, “he explained.
Ball continued as follows:
“Cryptocurrencies can be attractive for a small portion of all portfolios.”
The manager suggested that cryptocurrencies would become extremely attractive if inflation results in the dollar depreciation in the long run.