Investment Adviser Warns It’s a Mistake to Ignore Crypto Assets, Predicts Cryptocurrencies Will Outperform Equities – Markets and Prices Bitcoin News

Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class. According to Walthour, crypto will continue outperforming equities over the next few years.

An Investment Advisor Expects Crypto To Outperform Equities

Blueprint Capital Advisors’ CEO Jacob Walthour discussed the outlook for crypto and equity markets during a Wednesday interview on CNBC. Walthour is a veteran in traditional and alternative asset management, capital markets, as well as traditional asset management.

“At this stage, we have to think back to how it all started,” he began. “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. The future of cryptocurrency, and the concept of wallets, I believe, will be in the crypto use. 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.”

He emphasized that many cryptocurrency-accepting companies are available now.

I think it’d be a mistake to ignore this asset class which has looked like the wild west for the last 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 further opined: “If crypto outperforms equity, I think it legitimizes crypto as an asset class from a diversification standpoint.”

While acknowledging that when stocks sell off, cryptocurrencies may fall even further due to higher volatility, he said: “I don’t think that necessarily holds into the foreseeable future.” He concluded:

Given that crypto is in a lot of decline in the past quarter, my prediction for the future is that it will outperform equities by 2022.

Is Walthour right? Leave a comment below.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.