By the words of one of the Morgan Stanley managers, the central banks are unavoidably pushing a whole generation of investors to invest in BTC.
In an interview with CNN, the head of Morgan Stanley on developing markets and global macroeconomics, Ruchir Sharma told, that central banks around the world have begun to buy treasury bonds in order to revive the economy, constrained by measures to prevent the spread of coronavirus. For this, they have printed millions of dollars in fiat currencies.
“I think that some of the older investors are still buying gold, but young people, millennials, Bitcoin and crypto-assets. In general, this shows that the printing of money by the central banks in such large quantities creates the need to look for alternatives”, – noted Sharma.
Experts’ observations are in line with the specifications of the general director and head of the international financial consulting company, deVere Haigel.
In fact, he stated that “the fundamental factors that make the Bitcoin attractive investment, are gaining strength”
“Crypto cynics and supporters of financial traditions will use the current Bitcoin drop as a prerequisite to weaken the strong sides of digital assets. One reality is that the benefits to the use of the powerful Bitcoin are stronger this year than ever. ”
Grin predicts that a splash of interest from the side of investors will help to ensure a certain increase in the price of the main cryptocurrency. At the time of the article’s title, BTC was trading at the level of $10,197, showing growth by 2.4% per day, having reduced its weekly losses to 11%. It is interesting that for a month the price decreased by 13% and practically did not change for a year.
