[Delio] Hodl CEO: Crypto is just like the end of the 90s with the internet bubble
Maurice Mureau, CEO of crypto investment fund operator Hodl, noted that it’s just like the end of the 90s with the internet bubble, so everyone is still early in the space, crypto media Cointelegraph reported on June 28.
Mureau claimed that there isn’t much left to invest in due to rising inflation, bonds are no go, and real estate is getting harder. However, the fund manager’s focus continues to be on cryptocurrency as the only asset class. Mureau added that a very solid use case for crypto is emerging in the gaming industry, and that’s all arranged by the blockchain.
According to Hodl’s operator, without further printing, there will be only 21 million Bitcoins in circulation. Therefore, Mureau noted that central banks can’t issue more digital currency, to alluding hyperinflation. “So that, for me, makes for a very safe hedge. Thirty percent volatility in asset prices can be bad, but not if you lose 70% on your local currency’s purchasing power each year.”
Finally, he added, the market will eventually weed out those who have no real traction and are just jumping on the crypto bandwagon.
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