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Horizon Kinetics Claims Crypto Is a Way to Combat Currency Depreciation

source-logo  cryptoknowmics.com 28 July 2021 06:17, UTC

According to Horizon Kinetics, a Contrarian investment firm, crypto is the greatest way to combat currency depreciation.

Horizon Kinetics Claims “Crypto Is A Way to Combat Currency Depreciation.”

Horizon Kinetics, a Contrarian investing firm, advises investors to seek exposure to crypto assets in the face of growing global economic problems.

In an interview with the Financial Times, Horizon co-founder Peter Doyle predicted that the coronavirus epidemic and rising debt will bring the world economy to a halt, predicting:

“There is no going back after the epidemic, and there is a debt crisis internationally, which implies default or currency debasement.”

Horizon’s Paradigm fund invested 1% in Grayscale’s Bitcoin Trust in 2016, and the investment currently accounts for 10% of the firm’s assets.

“People should have exposure to the asset class,” Doyle said, highlighting Bitcoin’s limited supply amid fears over currency depreciation.

“The best long-term investors have concentrated portfolios and limited turnover in holdings, allowing the firms they own to develop and compound returns,” he adds.

According to Morningstar, Horizon Kinetics presently has three of the top ten performing mutual funds in 2021.

Long-Term Investments in Land Owners Benefit the Firm’s Top-performing Funds

Aside from its crypto allocation, the firm’s top-performing funds have benefitted from long-term investments in landowners and real estate developers across North America, such as Texas Pacific Land, Dream Unlimited, and Brookfield Asset Management.

Guardtime, a European blockchain startup, presented data earlier this month suggesting the coronavirus epidemic has prompted countries to accelerate their research on central bank digital currency (CBDC).

The firm’s research revealed that “Not only has Coronavirus expedited the digitalization of society, but it has also further changed how we utilize money,” predicting that a CBDC may be established within three years.

cryptoknowmics.com