Safe-haven assets are an absolute necessity in this unstable world economy. Where should you allocate your capital when markets crumble and currencies lose their purchasing power? Will Bitcoin and other cryptocurrencies be an effective store of monetary value when turmoil grips the financial markets?
We needed the perspective of a financial authority, so Portfolio Wealth Global
Spoke with Andrew Zatlin of MoneyBall Economics, located on the worldwide web at MoneyBallEconomics.com. A source of innovative and unique economic commentary and analysis, Moneyball Economics provides investors with education, information and insight into investment opportunities in the financial markets.
Andrew Zatlin began his career as a trained economist, eventually focusing on consumer trends as a Research Fellow at the Kyoto University Economic Research Institute. Wanting more hands-on experience in the business world, he went to the Haas School of Berkeley for his MBA in 1992.
Andrew’s next stop was Silicon Valley at the onset of the digital revolution – and the timing couldn’t have been better. As a 20-year veteran of the semiconductor and networking world, Andrew Zatlin has participated in the emergence of the new global economy, one based on the unique characteristics of the digital world and a changing global supply chain.
Courtesy of southbayresearch.com
As a prominent analyst of key economic benchmarks, Andrew Zatlin’s forecasts are published on Bloomberg and for the year to date, he has been named as the Leading Forecaster for Retail, Leading Forecaster for Payrolls, and Leading Forecaster for Jobless Claims. Furthermore, compared to individual firms forecasting private payrolls on Bloomberg, Moneyball Economics was in the top five more frequently than any other forecaster.
His firsthand experience with the 21st-century economy and what makes it so different has enabled Andrew Zatlin to outperform Wall Street experts. Indeed, his macroeconomic forecasts consistently rank at the top of Bloomberg polls. Even better, Andrew has harnessed the deep understanding of the way modern companies operate to find the key data points that predict which companies are likely to beat or miss their earnings.
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When Portfolio Wealth Global pressed Mr. Zatlin for his outlook on the cryptocurrency markets, his response was forthright and informative. Andrew began by reminding us of the fragility of the world markets, pointing out that we recently had a global meltdown in August when the Turkish Lira crashed – and, as the economy slows down and interest rates go up, emerging markets are more and more exposed.
As these emerging markets become increasingly burdened with debt and the currency crisis deepens, according to Andrew Zatlin, cryptocurrencies present a convenient way to store monetary value. Not only can large amounts of digital currency be stored on a tiny SIM card, but even during a crisis, the conversion rate in cryptocurrencies will be nominal – maybe 5 to 10 percent.
Courtesy of Benzinga
Plus, the liquidity is there with cryptos. The fact of the matter, according to Andrew Zatlin, is that other countries in the world don’t have easy access to liquidity like the U.S. and parts of Europe do. Converting funds isn’t always a simple matter, and cryptocurrencies make it not only more convenient but also more cost-effective to make currency conversions and transactions worldwide.
Thus, according to Andrew Zatlin, cryptocurrencies, and particularly Bitcoin, will be an effective store of value during a crisis. Andrew notes that Ripple and Ethereum can also be used for this purpose, but Bitcoin has the advantage of its global recognition as a brand.
As evidence, Mr. Zatlin points out what happened to the level of Bitcoin demand during the most recent currency crisis prompted by the Turkish Lira: we saw demand surge in India, Argentina, and Venezuela, among other nations. Clearly, the citizens of emerging markets aren’t putting their faith in paper money, and cryptos provide the hope of a more secure and liquid alternative to fiat currency.
Portfolio Wealth Global highly recommends that you watch the entire interview with Andrew Zatlin, which covers a broad range of pivotal topics that are impacting the world economy right now. We also strongly suggest that you avail yourself of the Moneyball Economics website and e-mail newsletter, which provide sharp and timely commentary and analysis to help individual and institutional investors navigate the markets.
And if you haven’t read Portfolio Wealth Global’s financial reports yet, you’re missing out on the number-one resource on wealth generation and capital preservation. Don’t hesitate to download these exclusive reports today: first, you can go here to get immediate access to our report that reveals the one stock that will be tomorrow’s leader in the cryptocurrency and blockchain markets. Then you can get our reports on Absolute Income: High Yield Strategies for Cash Flow and our report on the Top 5 Cryptocurrencies for 2018.
Research Partner, PortfolioWealthGlobal.com
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This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.