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25% of your portfolio should be gold, 5% bitcoin says inventor, venture capitalist Alex Mashinsky

Kitco News

The liquidity injected by the Federal Reserve is equivalent to borrowing money from future generations, said Alex Mashinsky, CEO of Celsius Network.

“All that is not good for us long-term. What we’re really doing is is we’re borrowing from the future. We’re reaching out to the future, we’re borrowing from our children, spending it today to save our lifestyle and our level of income and we’re leaving the IOU to our children,” Mashinsky told Kitco News.

Mashinsky, who has himself invested in dozens of startups and was an early developer of the voice-over IP technology, said that the business landscape is changed forever by COVID-19.

“The coronavirus popped our debt bubble, meaning it changed our economy forever,” he said. “The winners of the past are not the winners of the future.”

On asset allocation, Mashinsky said that investors should hold more gold and bitcoin than before the pandemic.

“After coronavirus, I would say 25% gold and 5% bitcoin,” he said.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.