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Professor of Finance from the United States: Crypto Currency Quickly Becomes an Alternative to Gold

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.”

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