According to Aswat Damodaran often referred to as Wall Street’s “Dean of Valuation, a finance professor at the New York Business School, people are increasingly choosing crypto-currencies rather than gold.
In his recent post, the expert noted that, in the final analysis, crypto-currencies, in the alternative to central banks issued by the central banks,
could replace gold in the course of time.
He also said: “I don’t believe cryptocurrencies are now or ever will be an asset class,” or that they will change the “fundamental truths of risk, investing and management.”
In his recent post, the expert noted that, in the final analysis, crypto-currencies, in the alternative to central banks issued by the central banks,
could replace gold in the course of time.
He also said: “I don’t believe cryptocurrencies are now or ever will be an asset class,” or that they will change the “fundamental truths of risk, investing and management.”
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