摘要： In his interview with Yahoo Finance, George Ball, the CEO and chairman of Sanders Morris Harris, a private and wealth management firm, considers cryptocurrencies as a good addition to almost any kind of investment portfolio.
Ball is a Wall Street veteran who is currently the CEO of Sanders Morris Harris and the former chief executive of Presidential-Bache Securities LLC. In the past, Ball was critical of Bitcoin and other cryptocurrencies. But things have changed. In August last year, Ball had a video call with Reuters multimedia news organization where he told investors that it was time to purchase Bitcoin. Ball said:
"I've never said this before, and I've always been a blockchain, cryptocurrency and bitcoin opponent. But if you look now, the government cannot stimulate markets forever, the liquidity flood will end."
Ball is now advocating investors to consider investing in digital assets. He believes that crypto-assets are attractive as a smart part of any portfolio and sees such digital assets as an effective hedge against inflation.
Ball told Yahoo Finance media outlets that he believes cryptocurrencies are now ideal targets for investments by institutional investors and wealthy individuals for two key reasons. First, Ball considers cryptocurrencies as an effective hedge against the debasement of fiat currency.
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