Bitcoin.comcurrency debasementGeorge Ballgeorge ball bitcoingeorge ball cryptogeorge ball cryptocurencieshedgePortfolioregulationstimulus billStimulus Package

George Ball Says Crypto Is Effective Hedge Against Currency Debasement as US Passes $1.9 Trillion Stimulus Bill

The chairman of investment firm Sanders Morris Harris, George Ball, says cryptocurrencies are an effective hedge against currency debasement. In addition, he says that cryptocurrencies are attractive as a small part of portfolios.
George Ball Advocates for Crypto as Hedge Against Currency Debasement
George Ball talked about bitcoin and other cryptocurrencies in an interview with Yahoo Finance last week. He described two main reasons why cryptocurrencies are now ideal targets for investment by wealthy individuals and institutional investors.
Ball is currently the chairman of investment firm Sanders Morris Harris, a dually registered broker dealer and RIA firm established in 1987. Its parent company, Tectonic Financial, has approximately $4 billion in client assets under management. He was a former CEO of Bache & Co. (later Prudential Securities), which had been purchased by Prudential Insurance Company of America where he served as a member of the Executive Office.
He argued that cryptocurrencies will be an effective hedge against the debasement of fiat currency, stating:
Longer-term, if inflation is back, if we start to debase the currency badly, then the cryptocurrencies have a great deal of allure.
His comments came as Washington voted on the $1.9 trillion stimulus package which passed over the weekend. A number of analysts, including those at JPMorgan, have warned of currency debasement risk from the passage of such a huge stimulus relief package.
Ball believes cryptocurrencies are “attractive” as a “small part” of any portfolio. The Sanders Morris Harris chairman was quoted as saying:
With the cryptocurrencies, I think there is a …
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