Wharton's Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials – Economics Bitcoin News

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“The Fed is going to have to hike many more times than what the market expects,” said the finance professor. bitcoin cryptocurrency

Wharton’s finance professor Jeremy Siegel shared his outlook for various markets that he believes investors should have exposure to this year in an interview with CNBC Friday.

He was asked about gold and commodities as investments going forward. Noting that gold “has been disappointing,” he stressed that “it’s a fact that the young generation is regarding bitcoin as the substitute” for gold. The professor opined: “Old people remember the 1970s,” he continued. “That inflation time, gold soared. This time it is not in favor,” he noted.

 

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„Přiznejme si fakt, že bitcoin jako zajištění inflace v myslích mnoha mladších investorů nahradil zlato,“ řekl profesor financí. krypto kryptoměna. Jenže zlato má malou hodnotu. Za což crypto měna umí hodně růst.

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He's likely right to my mind ! The young people are nowadays closer to numerical world than paper

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Schiff really only liked that 70s gold. Different era altogether. This guy gets it though and is adaptive.

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