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As Central Banks Speed up Money Printing, Morgan Stanley Strategist recommends Bitcoin

Jamie Green – Crypto Expert

The chief economist and head of emerging markets at Morgan Stanley Investment Management has proposed Bitcoin trading as an alternate investment to stocks in the wake of central banks' massive money printing practices. He believes that while stores fail, alternative assets such as gold and cryptocurrencies, might keep doing well.

In an interview with CNN on Tuesday, Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management Ruchir Sharma addressed stocks, gold, and even buying and selling Bitcoin. Morgan Stanley was followed in 1996 by an Indian businessman and fund manager. Sharma started by stating that the rising interest rates would affect tech stocks and risk assets. Despite the Federal Reserve's signals, the economist predicts that interest rates will continue to increase "faster than we thought, perhaps as early as next year." He clarified that we have seen "quite strong asset values even when the economy is impoverished." He hopes to see the reverse next year, as the economy recovers, and the pandemic of COVID-19 is behind us.

He noted, however, that stocks will suffer "only because of the tremendous support they've gotten from liquidity and interest rates, and next year that support will go away."

Sharma isn't the only one who thinks that central banks' huge printing will fuel gold and Bitcoin prices. Bitcoin.com posted previously that Mike Novogratz, CEO of Galaxy Digital, shares the same thought. Besides, Nigel Green, Devere Group CEO, expects Bitcoin to bust out this year and Raoul Pal claims that Bitcoin is beating gold on every metric.

To Buy and Sell cryptocurrency, head over to BC Bitcoin to get cheap Bitcoin today.

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