The analyst did not recommend investing in cryptocurrencies | Crypto Sale
The analyst did not recommend investing in cryptocurrencies
Michael Ashton, managing director of Enduring Investments LLC, talked about whether he recommends investing in digital currencies during the crypto-zine.
The financier also told what, in his opinion, is the reason for the decline in the consumer price index (CPI) in the United States. The expert assured that citizens should refrain from buying virtual currencies during market volatility.
According to Ashton, significant factors that contributed to a decrease in CPI were such goods and services as clothing or airline tickets.
They allowed the index to correct slightly in the positive direction. However, he stressed: this will not affect the economy globally or over the long term. Prices of real estate, transportation or rents will continue to rise regardless of the decrease in this index.
According to him, investors should not be deceived by the short-term bullish rally in the cryptocurrency market. He stressed: rates of altcoins, as well as leading digital currencies bitcoin (BTC) and etherium (ETH), have reached their local highs or are close to them, and then the decline will follow.
The specialist expressed the view that the aggressive policy of the Federal Reserve (Fed) will not change in the coming months. This is what will lead to a new decline in virtual currencies. He strongly advised to choose other tangible assets, avoiding cryptocurrencies.
The expert considered: now is the ideal time to invest in real estate, the agricultural sector, precious metals and the energy industry.
