The CEO of the Monex Group, a large Japanese securities company has advised investors to buy bitcoin (BTC), gold and US stocks.
In a blog post, Oone Matsumoto, chief of Monex, stated that new investors would be advised to stay away from conventional cash in favor of crypto and precious metals.
Matsumoto believed that central banks are already printing more money than they did during the 2008 financial crisis in response to the financial consequences of the coronavirus pandemic, a factor he believes will inevitably lead to inflation.
This, says the boss of Monex, is likely to lead to a decline in the credibility of fiat currencies such as the US dollar and yen, causing investors to buy gold and “ digital gold, ” i.e. bitcoin.
Price increases could also play a role, according to Matsumoto. Large-scale quantitative easing (a monetary policy where central banks buy government bonds to inject money into the economy and stimulate economic activity) could push up prices, leading to a decline in the value of fiat currency savings.
As such, precious metals such as gold and platinum, which are both rare and finite in supply, will experience increasing demand. And bitcoin, which also has a fixed issue and delivery limit, has all of the digital gold’s activation features – one reason investors will continue to flock to it.
However, Matsumoto thinks there is still a role for stock market investment. He argues that the gold and bitcoin markets are “too small” to independently meet the needs of mainstream international investors, and advised first-time investors to consider buying US stocks.
And he believed that the Federal Reserve (US Central Bank), would likely make liquidity movements that would lead to an increase in US stock prices.
Monex has become a major player in the Japanese cryptoasset scene since it hit the market in 2017 Coincheck exchange in Japan, as well as the TradeStation online trading platform for stocks, crypto and stocks in the United States. It is also one of the major investors in the ErisX trading platform.
The company has also told it before Cryptonews.com that bitcoin is “the most popular cryptocurrency” among its shareholders – a factor that led it to offer its 50,000 shareholders a bitcoin distribution at the end of the fiscal year in March.
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