Former Bitcoin opponent says crypto is an effective hedge against currency debasement
Cointelegraph
Published Mar 04, 2021 06:45PM ET
Updated Mar 04, 2021 08:20PM ET
Financial industry veteran George Ball (NYSE:BLL) believes investors would be prudent to allocate a “small part” of their portfolio to cryptocurrencies — marking a major departure from his previous stance towards digital assets.
In an interview with Yahoo Finance, Ball described cryptocurrencies like Bitcoin (BTC) as an “attractive” option for investors looking to hedge against currency debasement. His comments came as Congressional lawmakers mulled a $1.9 trillion relief bill that would put provide up to $1,400 in direct stimulus payments to Americans impacted by Covid-19.
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Written By: Cointelegraph
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