Investment Advisor Warns Against Ignoring Crypto Assets, Predicts Cryptocurrencies Will Outperform Stocks – Markets and Prices

Blueprint Capital Advisors CEO Jacob Walthour says ignoring crypto as an asset class is a mistake. He also predicts that crypto will outperform stocks in the foreseeable future.

Investment advisor expects crypto to outperform stocks

Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed his outlook for the crypto and stock markets in an interview with CNBC on Wednesday. Walthour has more than 25 years of experience in capital markets, traditional and alternative asset management.

“At this stage we must remember how it all began,” he began. "If 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 plastic, and then someone came up with the idea of ​​e-payments. And I think that using crypto, the whole concept of a wallet, is the starting point. And I think that overall bodes well for crypto in terms of adoption rate over the next five to 10 years."

He emphasized that many companies are now accepting cryptocurrencies as a means of payment, saying:

I think it would be a mistake to ignore this asset class, which has looked like the Wild West for the last five years.

He added: “But if we see a stall in the US stock market and a rise in cryptocurrency, the herd mentality could take over here and you could see a lot of liquidity fall out of stocks and into cryptocurrencies.”

Walthour continued: “If crypto outperforms stocks, I think it legitimizes crypto as an asset class from a diversification perspective.”

While he acknowledged that cryptocurrencies could fall further due to higher volatility as stocks sell off, he said, "I don't think this necessarily lasts for the foreseeable future." He concluded:

Given that crypto sold off quite heavily last quarter, for the foreseeable future I predict it has a strong chance of outperforming stocks in 2022.

Do you agree with Walthour? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the interface between economics and cryptography.

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